Severna Park MD Homes and Real Estate - Coldwell Banker Residential Brokerage

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Debt-to-income Ratios

Debt-to-income Ratios When you’re ready to buy a house, a lot of jargon is thrown around. One term you’ll hear a lot is debt-to-income ratios. If you’re not a math wizard, such lingo can sound intimidating, but it doesn’t need to. Debt-to-income ratios are simple to figure and use to your advantage, even giving you the opportunity to figure out how much house you can afford before you even set out to look. The debt-to-income ratio is, simply, the way that mortgage lenders decide how much money you can comfortably afford to borrow. It is the percentage of your monthly gross income (before taxes) that is used to pay your monthly debts (not your monthly living expenses). Two calculation…

Five Stars Review Rebecca Christenson Relocator 05/21/20 11:22 PM Gloria is so exceptional! She really helped me, my sister, and my mom out when we were renovating and putting our house on the market. She has a great eye and intuition! We couldn't have been happier with our partnership with her.

-Rebecca Christenson, Client

Five Stars Review Christine Mantich First-Time Buyer 06/10/18 06:32 PM I loved working with Gloria. I found my new home rather quickly, and almost wish I hadn't because it was such a pleasure working with her. She was very responsive and informative throughout my search, and when I did find my new home she followed up in a timely fashion on the important details to …

-Christine Mantich, Client

Five Stars Review,11/02/17 05:34 AM - From my immediate connection with Gloria, I knew she was the one. Her humble spirit and soft spoken voice captured my attention. She was never over bearing or money hungry. She had my back from the beginning to the end of this entire process. She is the top of the line...professional, efficient, thorough, friendly, and knowledgeable. …

-Jacqueline Smith - Retiree, Client

Five Stars Review Sondra Locher Relocator 10/08/17 07:43 AM Consider yourself fortunate to have Gloria as your agent. She acted on our behalf as buyers in a relocation from California and was truly our blessing. From her own lifestyle experiences she is able to empathize with you and fully and honestly understand your wants and needs and works ?tirelessly? to find …

-Sondra Locher, Client

Five Stars Review Terry Lee Relocator 04/05/21 09:56 AM My family and I had the pleasure of working with Mrs. Shuler on purchasing our second home and selling our first home, all at the same time. Mrs. Shuler was great to work with, she was very patience with us and always professional. She always took the time to be honest and explained things to my husband and I. …

-Terry Lee, Client

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Debt-to-income Ratios

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