Do I make enough money to buy a home? This is a question that has less to do with income and more to do with your debt-to-income ratio. In this episode we cover the debt-to-income ratio and how it‘s used by lenders. If you have questions about the debt-to-income ratio, be sure to reach out to us or drop your question in the comments.

// SHOW NOTES

00:00 Do I Earn Enough Income to Buy a Home?

00:16 Intro

00:38 Real Quick…

01:05 Welcome to The Homeowner Prep Podcast

01:50 What Is a Debt-To-Income Ratio?

03:05 Two Parts of A Debt-To-Income Ratio

03:46 Difference Between Gross Income and Net Income

04:40 FHA Debt-To-Income Ratio Breakdown

06:15 Allowed Tradelines to Build Credit

07:16 Know What’s On Your Credit Report

08:18 Are You In A Community Property State?

09:24 There Is No “Cookie Cutter” Answer

09:43 Visit Our Website to Get Started

10:02 Pull Your Credit and Scores with MyFico

10:32 Reach Out to Us Through Social Media

10:52 Outro

// IMPORTANT RESOURCES

Get Started With HomeownerPrep:

https://www.homeownerprep.com/start

Get Started with MyFICO:

https://bit.ly/HP-FICO

Build Your Credit Quickly:

https://bit.ly/HPP-Self

Buy Merch, Support The Mission:

https://bit.ly/ShopHPMerch

Subscribe to Our Channel:

https://bit.ly/HomeownerPrepYTSub

// CONNECT WITH US

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Twitter: http://www.twitter.com/Homeowner_Prep

TikTok: http://www.tiktok.com/@HomeownerPrep

// ABOUT HOMEOWNER PREP

Homeowner Prep helps aspiring first time homeowners through real-world advice and accountability. This podcast was created for those who dream of owning their first home - and are willing to do whatever it takes to make their dream a reality!

DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that we provide, we may receive a small commission. There is no additional charge to you! Thank you for supporting our channel so we can continue to provide you with great content!

// LICENSE INFO

DRE: 01780767

NMLS: 2218002

#debttoincome #realestateadvice #homeownership