
Get Out of Debt & You Will Qualify for a Home Loan!
“Too much debt is the most common reason mortgage lenders reject homebuyers’ loan applications, with 32% of rejections coming from an insufficient debt-to-income ratio. This was the greatest issue for homebuyers between the ages of 23 & 31, at 46% of rejections, in 2022.”*
Source: Copyright ©2022 “Home Buyers and Sellers Generational Trends Report.” NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. https://cdn.nar.realtor//sites/default/files/documents/2022-home-buyers-and-sellers-generational-trends-03-23-2022.pdf
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