Not exact matches
It could
help some borrowers
lower their
debt -
to -
income ratios in order
to qualify for a mortgage loan.
Lowering the amounts you owe should also
help improve your
debt -
to -
income ratio, another key consideration many lenders evaluate in their approval processes.
Your credit score,
debt -
to -
income ratio and the location of your new home are all factors that will
help you qualify for a
lower rate..
This secret weapon has
helped many a Nevada homeowner get that coveted «approved» stamp on their loan app by
lowering the
debt -
to -
income ratio, and it can
help you, too.
Even though a
low debt to income ratio could
help you qualify for a loan, your credit profile is also an important consideration for many creditors when they decide whether
to lend
to you.
One big factor on the plus side for paying off your student loans is that it can
help in
lowering your
debt to income ratio.
It's true that a
low debt -
to -
income ratio could
help you qualify for a loan and a
lower interest rate, but your credit score is also a major part of a creditor's decision making process.
Consolidating student loan
debt may
help lower the
debt -
to -
income ratio, making it easier
to get through the application process.
In addition,
lowering your
debt -
to -
income ratio may
help you receive better interest rates and terms on a refinanced student loan.
In addition
to being current on your payments, a good credit score and a
low debt -
to -
income ratio will
help make you attractive
to refinance mortgage lenders.