what is a timeshare and how does it work
<p class="p__0">To qualify for a conventional loan, lending institutions generally require DTI of 45%. Nevertheless, with a high credit rating, and at least 2 months of reserves, the loan provider may permit a DTI of as much as 50%. Reserves are highly liquid properties that are offered to you after your mortgage closes, such as: Cash in monitoring and cost savings accounts Investments in stocks, bonds, shared funds, CDs, money market funds and trust accounts Vested pension properties The cash worth of life insurance policies Essentially, reserves are properties that you could tap to make your home loan payments if you were to hit a rough financial patch.</p>
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