When looking to pre-qualify for a home loan, mortgage lenders will compare a potential buyer's income to debt ratio. This is the percentage of money used to cover all expenses for the month vs the total monthly income.
Interested in qualifying for a home loan to buy in Destin, Florida but not sure what steps to take? Paying off past debt and increasing the amount of income wherever possible will lower that income to debt ratio. Don't get discouraged because this takes time. Keep going and your hard work will pay off.
Let our local real estate agents guide you through the purchase process. Contact us for more information.