Debt-to-income ratio is one of the most important metrics lenders use when evaluating mortgage applications. While income determines borrowing capacity, existing debt determines how much of that income is already committed.
Retirement planning and mortgage strategy are closely connected. As income transitions from employment to retirement distributions, housing costs take on new importance.
Earning income from multiple sources can strengthen your financial profile, but it can also complicate mortgage qualification if not documented properly. Lenders evaluate stability, consistency, and sustainability when reviewing income.
The core CPI and PCE data have been released, leaving only the non-core CPI data delayed. Amid the Iran war, inflation has once again risen to higher levels, with most sectors seeing widespread price increases due to higher fuel and energy costs. As fuel costs rise, there is a knock-on effect across other consumer products as well. However, inflation has remained within expectations when considering the impact of the war.