📊Determines Eligibility 💰Affects Your Interest Rate 🛡️Impacts PMI (Private Mortgage Insurance) 🏦Loan Approval Confidence ⚖️More Flexibility With Terms
📊It Shows Your Ability to Repay the Loan 🏦Conventional Loans Have Stricter DTI Limits 💡Lower DTI = Better Approval Odds 💰 Can Impact Loan Size and Terms ✅ It's Something You Can Improve
💰The down payment is a major factor when it comes to conventional loans—it affects your loan approval, interest rate, mortgage insurance, and monthly payments
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