Mortgage lenders will want to know about everything you owe.Apply for a mortgage Learn more
Lower debt gives you a leg up on getting a loan
Sure, lenders want to know your credit score. But another key factor in assessing your mortgage application is comparing your total debt to your annual income. If that ratio is low, you’re more likely to have the funds for your monthly mortgage payments. And that means your application is more likely to be approved. Use this calculator to total your current debt, compare it to your income, and see how lenders might view your financial standing.