Debt to Income Ratio - New Article Available

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I've just published a new article to the Free Articles Center. This is another lesson that reflects our current economic situation. It explains the (A) concept of debt-to-income ratio, (B) how mortgage lenders use that ratio when qualifying borrowers, and (C) how all of this has been affected by the current financial mess.

If you're not familiar with our publishing guidelines, please start by reviewing those.

Here's an excerpt of the new article:

Today, lenders will require better numbers across the board before they'll give out loans. So as a home buyer, you must have a stronger credit score and a more favorable debt-to-income ratio to qualify. Many financial institutions today are also operating in "self-preservation mode," which means their underwriting criteria are in a state of flux...

More Article Details:

• Length - About 600 words
  
• Audience - Home buyers who plan to apply for a mortgage loan
  
• Date created - September 30, 2008
• Please see our publishing guidelines if you are new to this process
  

I hope you find this article on debt-to-income ratio and mortgage approval useful, and I hope your readers find it helpful as well.