Can You Get A Mortgage With Debt

Dated: July 29 2015

Views: 11

Hey everyone, I’m here today to answer a question I get asked quite often, “Can I get a mortgage if I have debt?”

The short answer is yes, you can. When you give us a call, we can set you up with one of our trusted lenders, who will measure your debt-to-income ratio to determine if you can afford a home. In general, you should be at a 45% or less debt-to-income ratio.

Another thing that will play into this is how much you have in savings. If you have some money saved up, that's great. The more you can put down on a home, the more likely you are to be pre-approved.

What we want to do is set up an appointment today for you to talk with us and our trusted lender, who will map out all of your options. If you want to set up an appointment, or if you have any questions for us, feel free to give us a call or send us an email. We look forward to speaking with you!

Blog author image

Kim Barber

Buyers Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment ....

Latest Blog Posts

Loudoun County Real Estate Market Report for Jul7 2020

Click the video link to listen to Kim Barber share insights into the July 2020 Loudoun County Real Estate Market.  This covers the areas ranging from Sterling real estate market, Ashburn and

Read More

Watch here to learn "What is a Contingency in a Real Estate Contract"

Watch this video to learn "What is a Contingency in a Real Estate Contract"Real Estate Contracts are Confusing. A real estate contract contingency is part of that agreement of sale that outlines a

Read More

Renovation Project Leesburg - Video # 1 of 3 - The Starting Phase

"Renovation Project Leesburg" has begun!  Its Loudoun County's very own Kim Barber whom gives her HGTv style spin on this townhome in Leesburg VA.  This is a 3-level townhome in

Read More

Feb 15th - Smartsizing Class - A Conversation On Your Next Move

Are you, or someone you care for, thinking of downsizing in the Fairfax VA area? Does the idea of moving immediately bring on anxiety but you have unused space?Do you ever think to yourself..."My

Read More