Robinson Mortgage

Your debt-to-income ratio is taken into account by lenders to determine your credit worthiness when providing you with a mortgage loan in Robinson. A low debt-to-income ratio indicates better management of debts and will help you obtain flexible options at low mortgage rates. A front-end ratio of not more than 28% and a back-end ratio of not more than 36% are considered to be ideal standards. The former refers to the ratio of your monthly home mortgage payments to your gross income and the latter to all your monthly debts and ongoing commitments to your gross income, expressed as a percentage. Even when not conforming to lender’s limits, there are options that allow for exemptions in the case of compensation with larger down payments or for those with excellent credit.

Avail access to our extensive network of mortgage professionals in Robinson to help you find affordable mortgage options at the lowest rates.