Home Loan When …
Posted by admin on September 19th, 2011When applying for a VA Melbourne Home Loan, lenders will calculate the borrower’s debt ratio as one of a few factors assessed in determining whether or not the individual will . When calculating debt ratio, the borrower’s income, credit card debts, and the new debt created by the VA mortgage are all taken into account. A borrower may not have a debt ratio of more than 41% in order to qualify for a VA loan.