Debt to Income Ratio - Posted by Jackie
Posted by Jackie on November 03, 2000 at 22:51:48:
I’m a student of the Carlton Sheets ‘no money down’ program.
I have a question regarding our credit.
Whilst we have not been living in the States for too long (10 months) we obtained a car loan and have a
secured credit card in order to establish our credit.
Our debt to income is’nt too favourable at present but we are in the process of getting it on track.
My question is how long do you suggest we should wait until we approach lending companies (by which time our debt to income would be far greater than what it is now)?
Our goal would then be to pursue into buying and renting real estate.
Any advice anyone can give us would be greatly appreciated. We’ve contacted a few lenders but were still awaiting their reply!