One of the key items that a lender takes into consideration when you’re getting pre approved for a loan and during the underwriting process is your debt to income ratio. This tells the lender how much money you owe each month compared with your monthly income to come up with a ratio to determine how much of a risk you are to them.  This ratio comes from adding up all of your debts including mortgages, auto laons, student loans, credit card balances and any other debt you pay off each month to your pre-tax income each month. Lenders have different thresholds that they’ll allow so it’s always good to talk with several lenders.  If you’re not comfortable getting the process started we would be happy to give you several lenders that we’ve worked with and that have earned our trust.

About the author
Keith Kyle
Keith Kyle is a top real estate agent in the South Bay and focuses on the cities of Torrance, Redondo Beach, and Manhattan Beach. Helping both buyers and sellers Keith is a local expert in the Torrance market with South Bay Brokers and has been one of the top agents in the area since 2007.