If you’re thinking that your credit SCORE 🏅 is the key to apply for a mortgage,🤔you have to think again.
A lender wants to lend 💰money to home buyers that can afford to comfortably pay their monthly 🏠 mortgage payments.
That made sense, right?
—> Your credit SCORE will tell the lender your ability to pay debts in the past.
—> Your Total Debt Service Ratio tells the lender what they think you can pay, once you get the mortgage..
Here’s a pretty simple explanation of what I mean 📥 📥 📥 📥 📥