Home › Forums › Closed Forums › Buying and Selling RE › Jumbo loans with 10% down
- This topic has 5 replies, 2 voices, and was last updated 13 years, 4 months ago by Diego Mamani.
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January 27, 2011 at 2:33 PM #18448January 27, 2011 at 3:46 PM #658818Diego MamaniParticipant
In addition to LTV, lenders also look at debt-to-income ratio (DTI), FICO scores, etc. If your income is high enough that you don’t devote more than 28% of it to servicing your debt, then a 90% LTV should be OK, but be prepared to pay a higher APR than otherwise.
(I hate using so many acronyms!)
January 27, 2011 at 3:46 PM #658880Diego MamaniParticipantIn addition to LTV, lenders also look at debt-to-income ratio (DTI), FICO scores, etc. If your income is high enough that you don’t devote more than 28% of it to servicing your debt, then a 90% LTV should be OK, but be prepared to pay a higher APR than otherwise.
(I hate using so many acronyms!)
January 27, 2011 at 3:46 PM #659483Diego MamaniParticipantIn addition to LTV, lenders also look at debt-to-income ratio (DTI), FICO scores, etc. If your income is high enough that you don’t devote more than 28% of it to servicing your debt, then a 90% LTV should be OK, but be prepared to pay a higher APR than otherwise.
(I hate using so many acronyms!)
January 27, 2011 at 3:46 PM #659621Diego MamaniParticipantIn addition to LTV, lenders also look at debt-to-income ratio (DTI), FICO scores, etc. If your income is high enough that you don’t devote more than 28% of it to servicing your debt, then a 90% LTV should be OK, but be prepared to pay a higher APR than otherwise.
(I hate using so many acronyms!)
January 27, 2011 at 3:46 PM #659949Diego MamaniParticipantIn addition to LTV, lenders also look at debt-to-income ratio (DTI), FICO scores, etc. If your income is high enough that you don’t devote more than 28% of it to servicing your debt, then a 90% LTV should be OK, but be prepared to pay a higher APR than otherwise.
(I hate using so many acronyms!)
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