Secret Loan Approval Guidance Transforms Your Financial Future
Debt-to-Income Ratio: A Key Consideration
Lenders assess your debt-to-income ratio to determine how much of your monthly income goes toward debt payments. A lower ratio suggests that you have a good balance between debt and income, which is attractive to lenders. Aim to keep your debt-to-income ratio below 36%, with no more than 28% of that debt going toward housing expenses2.