If you calculate your debt-to-income ratio and decide it is too high, or if you are unable to get approved for the amount you need, there are some things you can do to lower your DTI ratio before you borrow money.
One of the most gratifying purchases you can make — purchases that speak to your hard work and financial independence — is a home. People spend months, even years, to save money so they can put a down payment on the home of their dreams.
Before taking the necessary steps to living below your means, it is important that you understand why you are taking those steps. If the process becomes overwhelming, these incentives can help encourage you to push through.