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Updated over 8 years ago,
Debt to Income Ratio
I am looking to buy my first property soon in SLC, Utah and have a potential issue that may prevent me from buying it. I currently have a high debt to income ratio from a past marriage. I know this is something that lenders look at when approving loans. My concern is that I may not be approved for a loan from any lender because of this.
Question is, has anyone with a high debt to income ratio been approved for a loan? If so who was it through and how much of a hassle was it?
Thanks in advance,
Stefan Coles
West Jordan, Utah