Game Changer - New, Easier Loan Requirements From Fannie Mae!!
In the time I've spent in real estate, I've learned more alphabet soup acronyms than any one person should ever have use for in their entire life! IABS, NAR, NTREIS, PITI, FSBO, LMNOP..... One that has recently lost it's intimidation factor and become way more useful when having conversations with folks about loans is "DTI" or "Debt To Income Ratio". Sounds ominous, right? Don't let it scare you - it's a simple concept that compares how much you owe (for your car loan, credi
