christina.yost asked:


my debt ratio is 27.00%… i personally bring home $3,000 a month (my husband brings home about the same). i have no credit, my husband has pretty bad credit. will debt to income ratio be a factor in buying a house? how likely am i going to be able to buy a house with just debt ratio?

Sarah R asked:


Im having trouble determining the total for the debt ratio of total debt divided by total assets. I need Wal-Marts total debt, but not sure what categories on the balance sheet are included. Do I add total current liabilities, long term debt, long term obligations under capital leases, deferred income taxes and other, minority interest? I just need to know what to add up to get the total debt for Wal-Mart 2008. Thank you!

PlasticTrees asked:


Or is it credit to debt ratio? Either way, I am a college student with 1k of bad marks on my credit report from years ago. I want to get a secured credit card for the amount that would look good to lenders like “this person pays on time and has a valuable credit history w/some lenders” (ie my dell account is on there which is good and the secured card would add to it).

Am I making sense? How can I do this? I’d rather not pay off the measley 1k, it should be removed within a few years anyway.

David E asked:


For instance:
Is it $1500 rental income – $1000 rental mortgage = $500 added to your income only

or

Is $1500 of rental income added to your total income and $1000 added to your total debt and they are considered separate of each other in the ratio?

Bigsky_52 asked:


Simply putting a number ($700 billion) to projected additional debt isn’t enough to determine if taking on that debt is good, bad, monumentally beneficial, or monumentally stupid. I’m wondering if anybody knows what the bailout is projected to do to our debt ratio as a percentage of GDP. And if anybody can correlate debt ratios to economic growth that would be fabulous. We’ve always kept our debt contained by growing our economy even faster than the debt. Over the past 5 years I wonder if that’s still true. Can anybody point me towards some hard numbers or non-partisan analysis?

dondizzle404 asked:


I have a credit card that I am about to pay off in the next couple days. I want to increase my chances for getting a loans. How long should I wait to apply for the loan after the card is paid off so my current debt ratio reflects the new balance of card?

sdcadavid asked:


debt ratio not pay their mortgage?? By it’s very defintion it is almost impossible I mean that is how all the new refinaces are supposed to be made for those who are having mortgage problems. I lost my home 20 years ago and I never was near 31 or 38 debt to income.

at asked:


I am planning to do a 1031 exchange sell one high price property and buy couple other properties. My FICO score is around 670 but because of the number of rental properties I currently own, it puts my debt ratio to unacceptabe high to qualifiy any conventional 20% down loan. Any body knows what other loan programs out there that would easier to qualify and with what % of down.

jicarlo h asked:


Here is my info if anyone can help. I make 2988.80 gross a month not including overtime. which i make about 60 hours a month in that. I have a 400/month car note which ends in may08 i pay 600/mon child support and that is about it except i do pay 375/mon rent and about 40/mon insurance. I was told my income to debt ratio was 47 percent when it needs to be 43 percent. the underwriter told me this today because she thinks that they are looking hard at that. Is this to high to get the house i want which cost 124500 and we are put 3% down on it. Is there any mortage brokers out there who could tell me what is going on right now because right now this seems to be the only thing standing in the way of the house i want.

Dan J asked:


Do the banks look at school loans that are in deferment when they look at your debt to income ratio to see if they are able to offer you a loan?