In this video, I'm going to reveal exactly why your debt matters more than ANYTHING else when applying for a home loan.

Most first time home buyers know that too much debt can hurt your chances of getting a home loan, but not everyone needs to be compeltely debt free to get one. By the end of this video I'll show you what actually matters to mortgage lenders when looking at your debts, and how you can be proactive about dealing with it in order to help you buy your dream home.

0:00 Intro
0:31 What actually counts as debt?
1:28 What about student loans?
1:49 Why Does the Monthly Payment Matter?
2:27 Explaining DebttoIncome
3:44 Why Does DTI Matter?
4:33 How Much Debt Should I have?
5:12 How Much Debt Should I Pay Off?
6:43 Include Your Debts with Closing Costs
7:14 Where DTI Falls Short

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Boring legal stuff:
Licensed by the California Department of Business Oversight NMLS 1410686, a Licensed Representative of American Mortgage Network NMLS 1833427 Equal Opportunity Lender. All thoughts and opinions are my own, not of my company. Any rates, terms, programs, etc. mentioned in these videos are hypothetical and are not an advertisement or promise to lend. Your actual mortgage terms might vary based on qualifications. Always consult a licensed mortgage professional in your area.