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re: Homebuyers are now spending 40% of their gross income on mortgage and interest costs
Posted on 7/23/23 at 10:02 am to ellesssuuu
Posted on 7/23/23 at 10:02 am to ellesssuuu
quote:
As someone in the mortgage business someone with good credit get an FHA loan with total DTI at 56%
Correct, but the OP says homebuyer DTI of 40% is the same as homebuyers spending 40% of their gross income on a mortgage. It just isn’t.
1
Posted on 7/23/23 at 10:04 am to hondapa26
I have no clue how some of you live this way. I would lose my mind if my mortgage was anywhere near some of these numbers.
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