Jay Remley
Sep 5, 2018 · 1 min read

Thanks, Ryan. Unfortunately, a lot of first time home buyers don’t understand these ratios and numbers, especially their credit score, what goes into it, as well as how it’s calculated so they can improve it. I agree with you on the Debt-to-Income ratios that most mortgage lenders will give you the max money and make you ‘house poor’…I like your 15–20% on just PMI. I use a 36% max which includes all debt. You can go higher than 20% comfortably with PMI if you’re not carrying car loans, student loans, and credit card debt, etc. Thanks again.

    Jay Remley

    Written by

    Father & Husband first while helping others build wealth through real estate. Renter> Owner> Investor (ROI) @ www.mile27realty.com Email: jay@mile27realty.com