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Simple Debt To Income - DTI
Calculator All documented income loans have Debt To Income
(DTI) qualifications. Loan To Value (LTV), interest rate and other
program attributes are partially determined by DTI among other
factors. It helps to have a copy of your credit report and your
pay stub handy so you can more accurately calculate your DTI. This
simple calculator is only for a basic idea of your DTI and you
should never assume it to be 100% accurate. A Novation Mortgage
Loan Professional can give you a more exacting DTI which may
change slightly during the process if your credit exposure or
income change.
Contact one of our seasoned
professionals for more information.
* Although we provide tools for your information on this
website you can never accurately plan your transaction without the
assistance of a seasoned Loan Professional. Also, just because
there is "a" payment listed it does not necessarily mean that it
is "your" payment. Yours may be higher or yours may be lower. Do
not assume that, even though the information in these tools is
mathematically accurate that they are accurate to your specific
scenario.
CAUTION: Although the
math here is accurate it is vital that you speak with a
funding specialist who understands all of the nuances and
options relative to specific deals. It may be possible that
there is another solution more suited to your specific needs
and the transaction you are researching.
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