Landmark Management Services, Inc.

Consumer debt and late payments play a crucial role in a borrower's ability to qualify for a mortgage. Lenders review your entire financial profile, especially your debt-to-income (DTI) ratio and credit history, to assess whether you can responsibly manage a new home loan in addition to your existing obligations. Debt-to-Income (DTI) Ratio Lenders typically require your DTI ratio (monthly debt payments divided by gross monthly income) to be 43% or lower, with some preferring