How to Get a Loan with High Debt-to-Income Ratio (What Is the Debt-to-Income (DTI) Ratio?)

How to Get a Loan with High Debt-to-Income Ratio (What Is the Debt-to-Income (DTI) Ratio?). In this video, we'll discuss getting a loan with a high debt-to-income ratio.

Restructure your existing loan.
Lenders calculate your debt-to-income ratio (DTI) based on your current monthly repayments against your gross monthly salary to determine the risk of giving you another loan.

Refinance your current loan.
Refinancing involves getting a loan from a different lender with better terms to repay your existing loan.

Use a balance transfer card.
A balance transfer card lets you consolidate your credit card debts into one card and pay them off.

Explore lenders specializing in high DTI.
As mentioned, the debt-to-income ratio is a risk assessment measure lenders use to determine whether you should receive another loan.

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