Terrence V. Hall Sr.’s Post

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Real Estate Agent - Helping Buyers and Sellers. New construction and Certified Relocation Specialist with Team Russell "Your Team With Hustle"

Wondering what DTI ranking is and why it matters in real estate? 🤔🏡 Debt-to-Income (DTI) Ratio: This crucial metric measures your total monthly debt payments against your gross monthly income. Lenders use it to assess your ability to manage monthly payments and repay debts. 📊 What It Means: Low DTI: Indicates strong financial health, making it easier to qualify for loans. High DTI: May signal potential financial strain, potentially affecting loan approval. Understanding your DTI can help you prepare better and secure favorable mortgage terms! #RealEstateTips #FinancialHealth #HomeBuying #MortgageAdvice #DTIRanking

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