HIGHLIGHTED:
Fannie Mae increases debt-to-income ratio limit — so who benefits?
Before we get into the changes Fannie Mae made to its debt-to-income ratio limit, let’s review what a debt-to-income ratio is. Your debt-to-income ratio weighs how much you owe each month against how much you earn. It’s generally calculated by adding up your monthly bills and dividing the total by your gross monthly income — […]