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Explore Premier Chicago Properties with Tara Lubin at RE/MAX Top Performers

Impact of DTI on Buying Choices

by | Sep 4, 2023 | Uncategorized

Lenders have guidelines regarding max DTI (Debt to Income) to approve a loan.
Many lendaers allow for DTI ratios up to 50%.
Still, loans with higher DTI ratios typically have worse terms.
Higher DTI may require a higher down payment to meet loan approval criteria.

Written By Tara Lubin

About Tara Lubin

Tara Lubin, a seasoned REALTOR and Broker Associate, is renowned for her exceptional service and deep knowledge of the Chicago real estate market. With a focus on luxury as a service level rather than a price point, Tara provides unparalleled guidance and support to her clients. Partner with Tara and experience the difference in your real estate endeavors.

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