Debt Ratio Effecting Borrowing Amount


This is episode 13 of the Steven Tyler show and is a time and a is is title that is what is see is a real safety guess that’s how we do have a guest tonight our guest is none other than Brian Neuwirth president CEO of Ptolemy consubstantial see mortgage and tell her where we were Tulsa mortgage Colorado Springs mortgage Alamosa mortgage Pueblo mortgage: the mortgage Farmington more in Farmington more that’s right Farmington Tulsa mortgage Farmington mortgage yeah that’s right Diego those plugs in there because it is good for the thing so that we are brining with her from Colorado Springs mortgage who is a China our episode 13 and we talk about today were talking about how much did that ratios affect how much someone can borrow will help me ask you this question, student wishes affect how much I can borrow, which are.promise significance are tomorrow hundred percent in Somerset psychology old they are 100% like that it set in stone Christopher Singh is watching live on Facebook and Windows Vista hello Krista who think this is so let’s let’s owned my mind destroying more, going to see so so taught talking about that some order some things like like like why the debt ratio debt to income ratio will rise Duramax or has to someone as evident as I know I make unreconciled well if you make $50,000 a year would probably can do generally know our house well alone on the is why because of your debt to income ratio where I can afford it says you Mike Bryant this is kind of a Q&A session it’s, not that is a swatch Brian worked with the Swatch watch is a necessity when you watch I have to swatch so okay so you’re telling me that if I know what kind of money I make Brian I known, dynamic and interactive work okay so why are you to tell me what my max DTR that didn’t I can make a $500 I can make it 5000 or more true if I want to write our side jobs I mean. I don’t have the cash wise there are maxed at ratio because the federal government sets it and it says that the magic number that they pull out of the air is what you should spin on your house know what this will so Brian let’s say but I’m unidimensional so should Chennai lobby putting 10% down Chennai will be a lot of hard at ratio no Tyler negative but I’m putting 10% down good either I’ve $500 the bank is a cashless also wanted to do it in the cash I love it if it was a regular you in the tulsa mortgage loans business is so how much tutees cost primary dollar for multiple pretty well unit several tees for a dollar you desire 100 for 350 so so are you saying likable if I was putting 5% down but I was doing like beverages didn’t then can I have think I have more to put up prides watching live wall were life awesome double life in the Syria Tyler is not a magic number they pulled out of there and out of the error they have spent millions of dollars on the studies of what we can or can’t afford that’s what Brian Wood says that after 2008 around it might’ve been so it is so smooth trying to destroy Boselli Sally do anything that everyone hello everyone I know I so else are not speaking in the Mike actually over delivering the Mike so if I did want to do about bryophytes going to FHA loan could with the what maybe qualify from our house quite possibly and somewhat your credit profile looks like blitzing me with some maximum that ratio for conventional Missouri cassette number need to be working hard toward typical typically you don’t want your 45 you would if I was doing FHA could I go to like 50 you could go at 254 to be exact anything was informed market doing this most lenders will cut you off in the skin will stick either the sorry so she sees me she online on Facebook icon expected for the same of the Columbus email Brian and overture taken and that’s very picked up now, because of people like you so, the so basically comes out to Tyler’s what talking to owner because of the low programs you are required I literally always really they wanted to the paint that
they on the space always I go under the talk to lenders the ants always it’s like systems you will see with systems so different programs of different BDI requirements so you will let guys I’ve good credit I have money in the bank I’ve got now got good income can use to be a waiver and cannot tediously tacit you buy a 500,000 house forgot SIGMOD so what if Stanley are saying clear can’t I just get a waiver what are we waiting we may really on the same life life can I get only the kindest weight like of their steps good and some of my decorations 80% unit in however among anyway the lab because state my income you could always get a non-Cuban non-Cuban talk to me about that brother would be a nonqualified oh we would be talking about nonqualified tulsa Mortgages loans hello Ms. Melissa Matthews so in a non-Colorado Colorado tulsa mortgage loans situation that would be your like you know that the good old days of subprime year you know no doubt like no income verification those Nina Ceaser stated income stated assets type stuff correct bank statement programs I will surround there are a few coming back to the deer that he writes on him are a little high little bit box so one there’s a maxed ATI because there is the government sets it different loan programs have different getting commercial requirements and you can’t just get away so here’s a funny thing Tyler talking about the guy you met the couple is yelled it would you tell you what he said his cohort about house and he are qualified for way more than he’d twittered they were together the innocently enough the same mimic the same I had also submit the paperwork uninsulated. Five people like that… You are correct is by the water could those watercooler talks so he said hey I actually bought a house and you can’t get what she tells sky sorry if I reviewed of you qualify for what you qualify for the while domain let’s talk about that though like when people say that their life paying like I I have a friend who makes the same amount of money that I make he had you know he has decent credit I have decent credit why does he maybe you have student loans and your friend doesn’t or maybe you have a higher car payment and your friend maybe your friends done a great job with his credit and you just haven’t found this all kinds of factors in their maybe your friend got a different loan then you’re getting so anything your friend had made the down don’t exactly do not tell them that are not nonlegislative and result of a bar 200,000 our house and I’m only prefer 150 right what’s the deal so listen here I mean here’s my thing though it’s like people are full it I mean like when you’re talking to your buddy about the how she got a mean utilizing India say – David it was tough and I barely got qualified and it had to jump those who decided whatever your Morgan essay what of the mouse is easy right he even asked like the you had the now fight tooth and to get approved because your tulsa mortgage loans I clarified you for more than what you should a lot write heard maybe for an unknown occupant: maybe mom and dad cosign for you maybe your friends are telling you that could happen to do those we can do those funds you that Facebook we do those loans so listen here’s here’s my thing here is what if I could tell for those of you watching on Facebook am looking directly in the Cameron telling you this if you’re planning house to tell people that you’re buying a house I know that is really hard thing to do isn’t it time very things he is only them so excited so excited but you know why but it’s a lot because of her essays in trouble because when you tell people you’re buying a house experts come out of the woodwork there’s an expert coming out of these wooden table right now because her that expert coming out of this wooden table and now I call my, tell you such a stop don’t tell people just ignore them telling the renting or something into laughter I get you proved in Italian tell him pasty trying to get me
approved and then refer to guess that’s a good qualified your house because listen globular notice but when you’re talking near you buddy don’t realize that is maybe his wife doesn’t qualify with our statistic that we came up with the guitar actually about 30% of the time a spouse cannot be alone therefore we can use their income to qualify significantly at the Mona loan in order user and And that’s completely that is completely made up statistically the 30% is a completely made up statistically it does happen on Stanley are saying clear who made that up Steve me that you directly didn’t I did make that up so but that that’s the point is like you’re talking your buddy you’re talking your friend that you work with about what they qualified for and what you don’t know is that they out of their mom to the loan because the light doesn’t qualify the all the time SO we can help people qualify for more than his have to have something else on the so we may need a non-Colonna many a spouse that’s right students met just jumped online hello Stephen appraisal shield that’s who are going to go see more bargaining we are appraisal shield Ryan Myers from our customs is on here watching good to see you on the online so listen of our completely made up statistics recent 30% of the time us one of the spouses can be long as it gets a little low maybe 50% how would say probably closer to this so a lot of times it happens in so you got a be with a limitless resourceful you can use it with month a lot is something a lot of times we talked to buyers that are single the Jamaican of money to qualify in Windows Ascom Vietnam debacle cousin, Republican docent for you to help you by house because that’s the only are you qualify and some people can some people can’t so go figure only at the barrio saying second-biggest reason the other didn’t get qualified they didn’t go that at get more hours ago unimpressed is a recommended time frame for trying to sell a house you bought to try to get into a newer bigger house well Lotta stuff goes into that Ivan Valencia it just depends on the what you put down how much equity having it if you didn’t put any money on than a tubular the more difficult and the need to a timeframe to find that you noticed been a month has been a year know honestly my that people live in and out of a house in about five months but they had equity it made sense in their ability that’s not the likeness if you buy car and you put $10,000 now minutes were plenty in you have get out of it get to Nucor how easy’s agony to be pretty easy if you put Denver and avatar but if you put zero down cars depreciate so your propaganda be eaten as this can happen in the without a stirring satisfied by the will you do when the presidency of the company joins your lifestream on Facebook account is okay that’s enough) quit that’s obvious brother-in-law halo hobby or brother-in-law Overby you welcome Ivan Ivan if you ready to get out of that house and in and in England just go to concurring and you can fill out an application online and will help you so from that story time so we talked about a spouse not qualifying so Mr. and Mrs. Smith’s or Mr. Smith’s credit is terribly has a project income is unaffected in Tyler his credit several probably won’t even be a factor in the DTI was in Not right-leaning many as 5011 income not great but I say is credit scores up 575 I don’t like he still has $5000 a month in income so what if his credit card medic is why qualifies you to credit and income qualified low so hold up various status a you have to income paying credit qualified you tell me my wife as perfect credit she makes eight bucks an hour I make 100,000 a year but my credit sucks but it still our income comes in our family you can stymie if you normally think of my income that is correct you can’t why does the federal government says of Clifton Scroggins Casillas easy will get on the organ intro) year that we cannot approve you on income that doesn’t credit qualified so if you don’t
have the credit score it is a matter what your income is even if you made 1 million quantitative you make 1 million bucks either you Credit qualify they cash concerning make 1 million bucks you be pretty easy to misread Illinois house was running a house then you should save furrier and that’s been any money all the men in one year when you have $1 million then you should pick Ashraf and Michael Moulton Clifton says preach on preach on so for action steps Tyler know before you are that’s actually what should come came from in what’s that the know before you are world it’s like hate consumers know before you oh like, how much do debt ratios affect how much I can borrow what wiser Max DTI different programs of different deep debt to commercial province Canadian oh ratio requirement are wishing waiver don’t know know the rules Netherlands know our programs for you by 100 details our house right now is a logical very logical to think I was I said common sense to pay no offense the reason for but seriously mean this is informed time and yes you about tomorrow hundred 50 grand many 300 and maybe 400 and figure that out before you start write checks because if you don’t if you are an original Max DTI is if you don’t know what the death the one who just joined I know your demand but if you don’t know Dale what you’re qualify for then you just your recent so and add here at the end of Tulsa mortgage loans company tulsa mortgage loans cars remortgage Tyler Ellison but bright talk to your lender sugar limit and talk to that’s what is this an ominous sign off for now you come back with another podcast maybe later and were ridiculed this many different watching on Facebook live we may be sexy

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