Sentences with phrase «high debt ratios prior»

People who had high debt ratios prior to January 1 could put down 20 % and choose a 5 - year fixed to avoid the stress test.

Not exact matches

In the third quarter, the ratio of household debt to disposable income rose to another record high of 165 %, nearing the peak of U.S. borrowing prior to the financial crisis.

There are other examples not specifically mentioned here such as a monthly housing payment being low by comparison to the borrowers» monthly income or a high debt to income ratio might be allowed if a house with a mortgage against it is pending sale but won't close prior to the need for the new mortgage.

This is even more important if your debt - to - income ratio was already high, prior to adding a mortgage.