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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 10:04 am to ellesssuuu
Posted on 7/23/23 at 10:04 am to ellesssuuu
quote:
Is another Mortgage Crisis brewing? Homebuyer Debt-to-Income Ratios (DTIs) are now approaching 40% in the beginning of 2023. That means homebuyers are now spending 40% of their gross income on mortgage and interest costs.
That’s not what that means at all!
1
Posted on 7/23/23 at 10:07 am to hondapa26
I understand but a few people here wonder how people are getting mortgages with high DTI
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