Can you buy a house if you have credit card debt?
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Studied at the University of Sydney, Lives in Sydney, Australia.
It all depends on what portion of your monthly gross income goes towards paying the minimum amounts due on recurring debts like credit card bills, student loans, car loans, etc. Your debt-to-income ratio matters a lot to lenders. ... Most lenders will not approve you for a mortgage if your DTI ratio exceeds 43 percent.May 7, 2015
2023-06-08 18:08:52
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Amelia Wilson
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It all depends on what portion of your monthly gross income goes towards paying the minimum amounts due on recurring debts like credit card bills, student loans, car loans, etc. Your debt-to-income ratio matters a lot to lenders. ... Most lenders will not approve you for a mortgage if your DTI ratio exceeds 43 percent.May 7, 2015