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Your debt-to-income ratio is your total monthly debts divided by your gross monthly income. Lenders use DTI to determine if you’ll get approved for a loan.
As of 2022, Americans aged 65 – 74 had the highest average net worth by age ($1,794,600), while those under 35 had the lowest ($183,500). Read on to learn more.
“What is the minimum credit score for a VA loan?” is a hard question to answer. Most lenders usually ask applicants to have a credit score of 500 or more.
What is a balance transfer fee? Put simply, it’s a charge to transfer a balance to another account. These fees are usually up to 5 percent of the transferred amount.