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Debt & Borrowing
Why your other debts matter when you apply
When you come to me for a mortgage, I'm not just looking at your income and credit score. I'm also looking at what else you owe—car loans, credit cards, student loans, personal debts. Lenders call this your debt-to-income ratio, and it plays a real role in what you can qualify for and what your rate might be. The more debt you're carrying, the less borrowing power you have left, even if your credit is solid. It's not a penalty; it's just math. If you're thinking about buying soon or refinancing, paying down other obligations first can actually open doors and improve your terms. I'd be happy to walk through where you stand right now. Let's talk about your full financial picture and what it means for your mortgage options.
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