dandkconsultants
138 Posts |
 Posted - 11/04/2009 : 07:54:08 AM
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Dti- is based on secured asset payments, ie: Car, House, boat, student loans...
Income:100,000
Monthly secured asset expense: 3,000 x 12=36,000
36,000/100,000 = 36% dti
Sometimes though they may also I believe figure in the cost of ins and taxes...Underwriter should be able to tell you...But say the taxes are $800, ins is $1,000--$1800/12=$150 per month on what ever payment is given based upon the dti, principal,interest and the amount for taxes and ins...
That's just my understanding...I believe some of them get more technicial and do like a front load dti and a back load dti...Which I don't understand entirely. However, Could differ based on what the project is and fees for whoever unexpectedly thinks they deserve a right to be paid from your transaction...
It's amazing what some people get by with... |
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