Common myths about the home buying process

You need to be debt-free to buy a home - While it is generally a good idea to pay off any high-interest debt before buying a home, it is not necessary to be completely debt-free. Lenders will consider your debt-to-income ratio, which is a measure of how much of your income goes towards debt payments. As long as your debt-to-income ratio is within a certain range, you may still be able to qualify for a mortgage.

 

Visit us :- www.canopy-re.com/

 

 

 

Done