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What is the calculator you use for debt to income ratio for a home loan?
July 17, 2017 12:56:31 PM
Borrowing & Managing Your Credit
In reply to Allison, Laconia
Thanks for coming to TD Helps with your question, Allison!
It sounds like you're interested in a mortgage. Thank you for considering TD Bank!
We do offer a debit to income calculator on our website at http://bit.ly/1BKTthi. This tool will help you figure out how much you may qualify for if you choose to apply for a mortgage with us. It will take into account any minimum credit card payments, loans, taxes and insurances – if not included in a current mortgage payment, and the new home payment. This would then be divided by your monthly gross income. If you are self-employed, it would be divided by your monthly net income.
We encourage you to give us a call us at 866-325-4516 to speak with a Mortgage Advisor. We'd be happy to go over the debt to income ratio with you in detail and do an on the spot pre-qualification. You can check out more info about our mortgages at https://go.td.com/2jQXWsK. You can even schedule a call from us at time that is convenient for you.
We wish you the best of luck in your home search and look forward to talking with you soon. Have a great day, Allison!
Candice A, Mount Laurel
July 17, 2017 12:56:46 PM