Understanding Debt-To-Income (DTI)

“ Understanding Debt-To-Income (DTI)” August 19, 2010 Patrick Brock Mortgage Loan Officer Bank of America Home Loans 626-253-3944 (cell) [email_address]

What Is Debt-To-Income? ,[object Object],[object Object]

DTI Guidelines for Qualification ,[object Object],[object Object],[object Object],[object Object]

Compensating Factors Strong credit characteristics that can be used as a strength to offset risk ,[object Object],[object Object],[object Object],[object Object]

Compensating Factors continued ,[object Object],[object Object],[object Object],[object Object],[object Object]

How To Calculate DTI ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Two Sides To Debt-To-Income Ratios ,[object Object],[object Object],[object Object],[object Object]

What’s Included – Expenses (Debt) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What’s Most Important To The Underwriter – EXPENSES (Debt) ,[object Object],[object Object],[object Object]

What’s Included - Income ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What’s Most Important To The Underwriter - INCOME ,[object Object],[object Object],[object Object],[object Object]

How To Count COMMISSION Income ,[object Object]

How To Count OVERTIME Income ,[object Object],[object Object],[object Object]

How To Count BONUS Income ,[object Object]

The Effect of Paying-Off Debt to Help Qualify ,[object Object],[object Object],[object Object]

When To Include Pay-Off/ Pay-Down in DTI Ratios ,[object Object],[object Object]

Acceptable DTI Ratios ,[object Object],Here are a few examples… Conforming Fixed Conforming Fixed Period ARMs FHA

Conf Fixed Rate Products ,[object Object],[object Object],[object Object],[object Object]

Conf Fixed Period ARM Products ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Federal Housing Administration (FHA) Products ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Thanks For The Opportunity! Please let me know how I can help.

Understanding Debt-To-Income (DTI)

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Understanding Debt-To-Income (DTI)