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"How much can I borrow?" -- The Debt Ratio $3000/mo. income and no debt: Your mortgage payments can be as high as No bank will give you a loan when your debt ratio is already this high.
FRB: Speech, Greenspan--The mortgage market and consumer debt That said, debt-service ratios are likely to remain high so long as mortgage debt continues to expand faster than historical trends relative to
How Do Lenders Qualify Borrowers for a Mortgage? qualify for a larger mortgage than a borrower with high income and high debt. this ratio, add your current monthly debt obligations, like car loans,
What Are Debt-to-Income Ratios? you do if your ratios are low and you can't qualify for a large enough mortgage Borrowers with high debt-to-income ratios may be able to get a loan