What happens when your DTI drops below 10 percent?
Asking for a friend.
What happens when your DTI drops below 10 percent?
Asking for a friend.
Be grateful? Not sure I understand the question. There is nothing magical at that point from a mortgage standpoint.
That was the answer I was looking for…errr…my friend was looking for.
In case there was a desire to purchase something on payments, didn’t want to have it be a haunting.
As long as you errr your friend is under the threshold it’s all the same. For conventional loans, that’s 45%.