Raveis Mortgage
Contrary to popular belief having debt can actually be a positive thing. It helps to build and establish a good credit history and score - just make sure you're paying at least the minimum payment and making those payments on time. However, too much debt can increase your debt ratio, which may affect your loan decision. You should aim for a DTI ratio of 43% or lower, though some lenders may flex up to 50% - depending on the loan program.
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Ready to see what you qualify for? Contact Bob Flynn, our very own mortgage expert today! We're here to help you every step of the way.
Our focus is on assisting residential buyers & sellers in every price point while specializing in listing and selling new construction & luxury properties. We are an amazing team of over 65 agents whose footprint covers Greater Boston and Rhode Island.
