DTI Ratios: What Homeowners Need to Know

RISMEDIA, March 17, 2009-Ask homeowners about their DTI (debt-to-income) ratios, and they're likely to respond with something like, My what ratios?! - However, when distressed homeowners are sizing up their foreclosure options, they need to brush up on DTI ratios. Lenders will be scrutinizing these ratios to determine homeowner eligibility for loan modification and other debt relief. Homeowners need to know that their DTI ratios are crucial to determining an affordable house payment. President

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