This is a YouTube video titled "🚨 Debt-to-Income 🚨" containing a monologue or explanation about how debt-to-income ratios work in lending, using an example of monthly income, expenses, and loan limits. The content is educational and financial in nature, created on March 25, 2022.
Let's say somebody's gross or pre tax monthly income is four grand a month. That person has a $400 car payment. Their minimum credit cards are 150 bucks a month. They've got 30 grand in student loans. A half percent of that's 150 bucks a month. $700 a month in total going out. Dimensional financing allows the person to go to 50% of their gross monthly income, which is 2 grand. Take out the $71300 remaining $200,000 house. FHA, same idea, but it goes to 56.99 $225,000 house. This is how debt to income works in the lending world.
