Not exact matches
Negative equity borrowers
often achieved
high loan - to - value
ratios with subordinate liens in addition to their first lien and had
higher than average
debt - to - income
ratios.
Mortgage lenders
often use a 43 percent
debt - to - income
ratio as the
highest ratio a borrower can have and still qualify for a mortgage.
It also means that they
often have a
high debt - to - income
ratio and lack the money for a large down payment, excluding them from taking out many mortgages.
Investors dealing with low credit scores,
high debt ratio, bankruptcy, delinquencies, or who may already have too many real estate loans are
often denied financing by banks regardless of how profitable the real estate deal.
What's good: FHA loans are
often the only option for borrowers with
high debt - to - income
ratios and low credit scores.