1 comment | Saturday, November 28, 2009
After dec 15th, lender will request all borrower’s DTI are lower than 45%, and higher credit scores. Eventhough many major banks are requirung 45% DTI today, but many smaller mortgage lenders are still accepting the DTI as high as up to 60% in current days. Yet it will change in shortly. In which means some borrowers need put much more down to get loan. It will keep some buyers out of market.
Hi Jerry… thanks for sharing… thanks for the heads up… Good Info… Isi