Why Do I Need to Know My Debt to Income Ratio?

 

 

Your debt to income ratio is a VERY important metric to know as it plays a big part in helping a lender determine if you will be able to make your monthly mortgage payments or not.

Click on the image below to watch this quick video explaining this critical metric and why you should also calculate it on your own (independently from your lender):

 

How much can I afford?
How much can I afford?
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[VIDEO] Home Buying Process Step 3: The Search

Once you have your financing lined up and know your budget, it’s time to start searching for your new home in Tampa Bay! This is also a great time to visit open houses and get an idea of what’s on the market. Be sure to let your NextHome Discovery Realtor® know about which open houses you’d like to visit so they can accompany you and ensure you avoid some of the mistakes this couple makes!