If Your Debt To Income Ratio Is Too High - Here's A Way Around It...

Good Morning!



If you are trying to get a conventional mortgage - and you've been told your Debt to Income Ratio is too high... Then this email is for you!



There are two parties that decide what your maximum Debt to Income Ratio is... Fannie Mae/Freddie Mac, and the Mortgage Insurance companies.



I've seen Fannie Mae approve Debt to Income Ratios as high as 60%. ...However, the MI companies have come out and said that they will not insure mortgages with Debt to Income Ratios higher than 41%.



So, if your DTI ratio is higher than 41% - you're out of luck.



...unless you know me.



I can still do conventional loans with DTI ratios higher than 41% because we have portfolio products - and these don't have MI on them.



Just a tip for you.





I hope you have a good day today.

Thanks for reading!



Brett