43% Debt-to-income cap strongly favors borrowers with no consumer debt

With no rigid cap on front-end DTIs, those with no consumer debt could borrow more to finance a home purchase.

It’s no secret that I don’t think consumer debt is a good idea (See: Think you want consumer debt? Think again…) With the ongoing war on savers waged by the federal reserve, it’s been a...

43% Debt-to-income cap strongly favors borrowers with no consumer debt