“D” in DTI fixed?

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  • #48381
    frankysmom
    Member

    Hi

    Calculated our DTI and we will be over our maximum amount by $83. Can we request minus $83 from our approved mortgage amount to keep us below 40% OR is the Debt in DTI fixed to 9% ?

    #48387
    TTrumble
    Member

    Hello frankysmom,

    The excessive DTI ratio will automatically reduce your approval amount as DTI is one of the limiting factors that comes into play when determining the affordable mortgage amount. You would be much better off to find a way to reduce your debt and in turn your DTI ratio.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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