Tag Archives: Debt Ratio

What is my debt to income ratio?

♥ Mary ♥ asked: I have an income of $1497 a month and pay $225 for a home equity loan. (That’s it, no mortgage, no auto loan and no credit cards.) What is my debt to income ratio?Jean

Posted in Credit | Tagged , , , , , , | 4 Comments

I want to refinance my home and combine my mortgage and equity line. ?

aglaia asked: My credit score is 680. I was told my debt to income ratio is high. Will my credit score increase and will it be better for me if I pay off these debts showing on my account by … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , , , , | 5 Comments

I want to shop for mortgage rates and all of them wants to run my credit. Will it affect my credit score?

Darn asked: I am trying to refinance my home equity loan. Each time I try to call a lender, they all want to run my credit report which I understand because that is the only way to check my FICO, … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , | 13 Comments