{"id":3005,"date":"2021-09-11T20:05:53","date_gmt":"2021-09-11T20:05:53","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=3005"},"modified":"2021-09-11T20:05:58","modified_gmt":"2021-09-11T20:05:58","slug":"know-your-debt-to-income-ratio-before-taking-a-home-loan","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/know-your-debt-to-income-ratio-before-taking-a-home-loan\/","title":{"rendered":"Know your debt to income ratio before taking a home loan"},"content":{"rendered":"\n

Before we begin, consider Ajay, who has obtained a loan of approximately 15 lakhs for his business. He earns \u20b930,000 from his business and has a very good credit score that ranges between 700 and 900. Ajay, on the other hand, has a dream of owning his dream home and has applied for a home loan of 35 lakhs. Ajay is confident that his loan application will be approved, but he fails to get it, shocked to know why?<\/em><\/p>\n\n\n\n\n\n\n\n

Ajay\nqualified for the step of credit score but did not qualify for a good\ndebt-to-income ratio. Is the\nquestion: ‘What is the debt to income ratio?’ circling your mind now? <\/p>\n\n\n\n

Let’s\nfind out what it is and why you should know it before applying for a home loan.<\/p>\n\n\n\n

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