Banking

living paycheck to paycheck

DTI Ratio for Conventional Loan {Calculating Debt to Income}

Today I’m explaining a bit about the differences between the DTI ratio for conventional loan (or debt to income ratio) vs other home loan types and why it’s important when buying a house. The definition of debt to income ratio is simply debt divided by income. But it’s a little more complicated than that when calculating. Let …

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credit utilization

What is Credit Utilization {How to Improve your Credit Score}

What is credit utilization, and how does it affect your credit score? FICO scores can be intimidating (especially if you don’t quite understand them). We all know that maintaining a high FICO score is helpful in many ways, from being able to obtain great interest rates on home loans to saving money on your car …

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