What is a debt-to-income ratio for a mortgage?
It varies, but generally, the lower the better. Here’s why.
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
It varies, but generally, the lower the better. Here’s why.
With a big Federal Reserve decision on the horizon, does it make sense to refinance your mortgage now, or wait?
What does it mean for the average morgage-holding homeowner?
Buyer’s remorse is common, even when the purchase is as major as a home.
A fast and easy way to cut the interest payments on your VA home mortgage.
There are pros and cons to both types of properties, but one might be better suited to first-time buyers.
Title insurance can protect both you and your lender.
Here’s how to cut this monthly insurance cost it if you’re eligible.
We appreciate your feedback
Thank you for taking the time to share your experience.