CreditCardsAct

Mortgage & Refinance:  Mortgage lenders are chiefly interested in your ability to repay the mortgage. They need to determine if you qualify for a loan, so, they will consider your credit history, your monthly gross income and how much cash you'll be able to accumulate for a down payment. You need to understand a concept called "debt-to-income ratios” and you will know how much house you can afford. Debt-to-income coefficient The standard debt-to-income ratios are the expense of housing, or front-end, ratio; and the total debt-to-income, or back-end, rat...