I am ignorant about these – Piggington's Econo-Almanac

March 7, 2008 at 9:02 PM #166208

Participant

I am ignorant about these rules. Please help.

DTI. Does that mean that someone with a pre-tax income of $200K can only borrow $90K?

Are these not jumbo loans. Why would a normal first time buyer want a jumbo loan?
Thanks Graham