## How does debt-to-income ratio affect getting a mortgage?

Mortgage lenders will expect your monthly repayments to be covered by a certain percentage of your income, and most will have a maximum debt-to-income ratio that they’ll lend to. A financial advisor can help you calculate your debt-to-income ratio and check whether you’re in healthy financial shape to qualify for taking out a mortgage loan.

## What is a good debt to income ratio for a mortgage?

Lenders look closely at your debt to income ratio when evaluating your mortgage application. A debt to income ratio less than 38% is optimal and will help you to qualify for a mortgage. Are there high DTI Mortgage Lenders for FHA Loans?

## Can a bank lend money to a homebuyer with high debt?

Banks can lend money to homebuyers with low debt-to-income ratios. Any ratio higher than 43% indicates that the investor may be a reckless borrower. To the lender, anyone with a high debt-to-income ratio can not afford to take on any additional debt. And if the borrower defaults on his mortgage loan, the lender could lose his money.

## How much DTI do I need to get a high mortgage?

I recommend that you use a simple mortgage calculator and plug in an interest rate that is just slightly higher than what you may be seeing from lenders online. There are high DTI mortgage lenders who will allow for a maximum DTI of 50% to 55% and with a down payment requirement as little as 10%