My Account
Sign up, and you can customize which countdowns you see.
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Nov 16, 2019
7:50
:07
pm
Bleeding Blue
All-American
no, I am saying I tell my mortgage company to not include it in minimum payment
then they would do an analysis and change my minimum monthly payment
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
Bleeding Blue
Bio page
Bleeding Blue
Joined
Jun 4, 2007
Last login
Apr 25, 2024
Total posts
12,324 (694 FO)
Report problem with this ad
Messages
Author
Time
When calculating debt to income, do you just include the mortgage?
Bleeding Blue
11/16/19 7:14pm
Since you will never not pay taxes or insurance, I’d include them.
Future_Tacos
11/16/19 7:16pm
But for the purposes of qualifying for a loan, which would they use
Bleeding Blue
11/16/19 7:16pm
$1300 + all other min monthly debt payments.
mulletino
11/16/19 7:16pm
so if I changed my mortgage to not include tax's and insruance, I would then use
Bleeding Blue
11/16/19 7:18pm
No, they'll count the full payment whether you have escrows or not.
mulletino
11/16/19 7:22pm
no, I am saying I tell my mortgage company to not include it in minimum payment
Bleeding Blue
11/16/19 7:50pm
They can't NOT include it in your DTI calcs whether it's included in your monthly payment or not.
mulletino
11/16/19 8:58pm
The underwriter and lending guidelines call the shots... not you.
1TruAggie
11/16/19 9:20pm
If there's an HOA fee, that's also included in housing expense, DTI calculation
1TruAggie
11/16/19 7:29pm
Yes - one of the components is the % ratio of house payment to income.
ClackamasCoug
11/17/19 1:23am
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad