💡 What Is Debt-to-Income Ratio (DTI) & Why It Matters for Your Mortgage

When applying for a mortgage, one of the most important numbers lenders review is your Debt-to-Income Ratio (DTI). Simply put, DTI measures how much of your monthly income goes toward paying debts. The lower your DTI, the stronger your application and the better your chances of securing a great interest rate.

Here’s what you should know:

✅ Conventional Loans – Most lenders allow up to 43% DTI (some may stretch to 49%).

✅ FHA Loans – More flexible, allowing up to 54% DTI.

✅ Lower DTI = More Options – The less debt you carry compared to your income, the more loan programs you’ll qualify for.

✅ High DTI? No problem. – There are still programs available, and we’ll guide you to the best fit.

✅ Plan Ahead – Managing or paying down debts before applying can save you thousands over the life of your loan.

At LJ Mortgage Team Inc., we specialize in helping:

• ✅ First-time buyers navigate the process with confidence

• ✅ Investors grow their real estate portfolio

• ✅ Homeowners refinance with the right program

📊 Curious about your DTI? Send us a message today — let’s get you mortgage-ready!

🏡 LJ Mortgage Team Inc. – Your Local Guide to Homeownership

127-03 Rockaway Blvd South Ozone Park, NY 11420

📞 (516) 218-1297

LJ Realty Team | Buy - Sell - Rent Equal Housing Opportunity

NMLS# 2120286 | Purchase & Refinance NYS Registered Mortgage Broker, NYS Dept. of Financial Services. Broker arranges mortgage loans with third-party providers. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER. Licensed by the N.J. Department of Banking and Insurance. We do not make any mortgage loan commitments or fund any mortgage loans.

🔎 www.nmlsconsumeraccess.org

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