Buyer Debt To Income
February 19th, 2009
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Your buyer may have the down payment, but are their financials strong enough to keep up with your Seller Financed mortgage? With this spreadsheet, you’ll be able to easily calculate their debt load before you hand them the keys. After inputting the borrower and co-borrower’s gross income, payroll deductions and monthly expenses, you’ll be able to instantly determine if their debt-to-income ratio falls within standard guidelines.
Categories: Money Management, Personal Budget, Budget Calculator, Debt, Household Budget, Income, Loan, loan payment, payment