debt-to-income ratio
Shrink Mortgage Rates With Secret DTI Tweaks
A lower debt-to-income (DTI) ratio can directly shrink your mortgage rate, and a 3% reduction in DTI often trims 0.25% off a 30-year fixed loan. Lenders use this metric as a thermostat for risk, so tightening the gauge can cool the interest you pay. Financial Disclaimer: This article is