View Single Post
  #15 (permalink)  
Old 03-19-2009, 12:27 AM
leonoratisdale leonoratisdale is offline
$ Saving First Grader
 
Join Date: Mar 2009
Posts: 6
Points: 60.00
Donate
Default Re:Debt Mortgage on my credit

Hi,
You do not say what your monthly income is. Mortgage companies look to debt ratios to determine your ability to repay. Thus, you need to take your total monthly obligations and divide by your total monthly income in order to determine your debt ration. Include your prospective mortgage payement in this calculation.
Reply With Quote