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Refinancing Your Auto Loan To Qualify For Mortgage
#1
An auto loan payment can be an automatic disqualify a borrower because of debt to income ratios. Most auto payments are higher than $400 per month which means it is equivalent to a $80,000 mortgage loan balance. Check to see if you can refinance your current auto loan if you have higher DTI ratios.
Gustan Cho, NMLS 873293
Area Manager
The Gustan Cho Team at CrossCountry Mortgage Inc. NMLS 3029
address: 425 North Martingale Road Suite 1280, Schaumburg, IL, 60173
Website https://www.gustancho.com
Direct 800.900.8569
Email gcho@gustancho.com
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