What You Need to Know About the Mortgage Process [INFOGRAPH]Buying Myths,Down Payments,First Time Home Buyers,For Buyers,Infographics,Move-Up BuyersSome Highlights: Many buyers are purchasing
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Mortgage lenders require that your total monthly debt including car loans, credit card bills, and student loans be no more than 36 percent of yourgrossmonthly income. This is your debt-to-income ratio. If your ratio is too high, consider paying down high interest credit cards to get below the required limits.
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