Repair Credit Score

Question: Avg mortgage rate I may qualify for with Credit Score just shy of 700 and debt-to-income ratio of 0.8?

Ok. It is possible I mislead those who answered yesterday. My calculation was based by dividing my debt (approximate) to my estimated annual income. This way shows a DTI of 0.8. However, if I calculate a DTI by dividing monthly debt payments by average monthly gross income (monthly gross income varies due to pay schedule) this number is more to the order of 0.095. How may this change your answers?

Answer: I think that with the kind of score that you have you will possibly have a great chance of getting financed at a good rate. I do not make it a habit of quoting rates over the internet because of state specific laws that do not allow me to without other information accompanying the interest rate.

I can say that you qualify for prime financing and I would like to discuss your debt ratio with you. Please contact me at timothy.kazee@americanhm .com and we can discuss this.

Talk to you soon!!!

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