If it is indeed counted and the DTI is exceeded, you could ask for an exception or play around with the numbers (down payment, etc. ) to get the DTI back into range. Hi Colin, Im in the middle rhb personal loan promotion the mortgage process with one of the nations largest lenders and am trying to purchase my dream home (for a wonderful price and as a new primary residence) before selling my current home.
(Trying to capture this house before its gone and have plan to do minor renovations aka have wallpaper removed, rooms repainted, install carpets in order to put current house on market for late summerfall and I can carry both properties for up to a year if I had to without damaging myself financially) This is a jumbonon-conforming loan program with 10. 1 down and no PMI. Asset requirements are steeper however with 12 months reserves and 6 months of these have to be liquid.
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