Tag Archives: buying a new home

Imagine Excluding Current Mortgage Debt Service From The DTI Calculation For A New Mortgage!

DTI Calculation Excluding Current Mortgage Payments! Back in 2019 we highlighted a fantastic national mortgage program being offered by a major money-center institution, Citicorp, that actually excludes current mortgage payments from the debt-to-income (DTI) calculation for a homebuyer who is actively looking for a new home and will be selling the current one! Given the current […]

A Mortgage Application For A Property Purchase That Actually Excludes A Current Mortgage From The DTI Calculation?

Home for Sale

  So let me get this straight…A mortgage applicant currently has an outstanding mortgage on their home, and those expenses can be excluded from the DTI calculation for a mortgage that will be used to buy another home? Are we talking about a bridge loan or a loan from some other non-traditional lender? The answer […]