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View Poll Results: What was your DTI on your most recent home purchase
0-5 1 9.09%
6-10 0 0%
11-15 1 9.09%
16-20 1 9.09%
21-25 3 27.27%
26-30 1 9.09%
31-35 2 18.18%
36-40 0 0%
41-45 1 9.09%
46-50 1 9.09%
51-55 0 0%
56-60 0 0%
61-65 0 0%
66-70 0 0%
70+ 0 0%
Voters: 11. You may not vote on this poll

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Old 12-09-2013, 11:26 AM
 
Location: Here
2,581 posts, read 5,477,685 times
Reputation: 2568

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Hello, what was your debt-to-income ratio when you bought your house?
Let's try to limit this to the last 10 years, or your most recent purchase.
Please post what year it was, and any other information you feel comfortable with.


Also, when looking for a house, if my girlfriend and I get a house together and we are both on named on the loan, will our debt-to-income ratio be measured together, like both our incomes and both our debts?

Thanks
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Old 12-09-2013, 12:11 PM
 
3,318 posts, read 7,259,582 times
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Also, when looking for a house, if my girlfriend and I get a house together and we are both on named on the loan, will our debt-to-income ratio be measured together, like both our incomes and both our debts?

What do you think?
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Old 12-09-2013, 02:27 PM
 
Location: Southern California
4,350 posts, read 4,935,999 times
Reputation: 2129
Quote:
Originally Posted by NARFALICIOUS View Post
Hello, what was your debt-to-income ratio when you bought your house?
Let's try to limit this to the last 10 years, or your most recent purchase.
Please post what year it was, and any other information you feel comfortable with.


Also, when looking for a house, if my girlfriend and I get a house together and we are both on named on the loan, will our debt-to-income ratio be measured together, like both our incomes and both our debts?

Thanks
70% DTI, does it really matter. Don't compare yourself to others. The average DTI in coastal California would be total different then a suburb in TN. Work off of your budget , not a guideline from other people.
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Old 12-09-2013, 03:23 PM
 
Location: Here
2,581 posts, read 5,477,685 times
Reputation: 2568
Quote:
Originally Posted by Pfhtex View Post
Also, when looking for a house, if my girlfriend and I get a house together and we are both on named on the loan, will our debt-to-income ratio be measured together, like both our incomes and both our debts?

What do you think?
I assume yes; I was looking for more if they are okay with 2 people, not married, on a mortgage.
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Old 12-10-2013, 02:56 AM
 
Location: Southern California
4,350 posts, read 4,935,999 times
Reputation: 2129
Quote:
Originally Posted by NARFALICIOUS View Post
I assume yes; I was looking for more if they are okay with 2 people, not married, on a mortgage.
Yes it is okay for non married people to be on a loan together. You'll also need to do research on how to hold title.
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Old 12-19-2013, 08:41 PM
 
28 posts, read 27,790 times
Reputation: 17
Quote:
Originally Posted by NARFALICIOUS View Post
Hello, what was your debt-to-income ratio when you bought your house?
Let's try to limit this to the last 10 years, or your most recent purchase.
Please post what year it was, and any other information you feel comfortable with.


Also, when looking for a house, if my girlfriend and I get a house together and we are both on named on the loan, will our debt-to-income ratio be measured together, like both our incomes and both our debts?

Thanks
Depends on the lender. Some lender give higher ratio. Some lenders even accept up to 50%.
You and your girlfriend can buy house and apply mortgage together. That will help you to lower your ratio. means it will make you can afford.
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Old 12-20-2013, 02:40 AM
 
Location: Rheinland-Pfalz, Germany
693 posts, read 924,325 times
Reputation: 610
DTI is really hard to compare.

Someone with a DTI of 60% whose household income is 150k is in a whole lot better position then someone whose DTI is 38% with a household income of 60k.

Someone with the above scenario whose household income is 150k and is 60% DTI has a remainder of 60k! The starting household income of the person who is 38% DTI with a household income of 60k.
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