Per the video posted, those interviewed mentioned that most mortgage loans they are seeing today are pushing the limits of DTI, so, once again, it appears many are still living beyond their means.
They also mentioned that a 17% drop could, in fact, affect many, so guess we’ll just have to see what happens. Even though we have substantial real estate holdings dating back many years, from what I’m reading, I would definitely not want to be out on a financial limb of any type going forward.
