Debt to income ratio

Qualified mortgages require debt-to-income ratios of no more than 43 percent.

The debt-to-income ratio is a method for a lender to measure a borrower’s ability to manage the payments made every month in order to repay the money borrowed. To calculate a debt-to-income ratio, a lender will add up all of a borrower’s monthly debt payments and divide that number by the borrower’s gross monthly income. Gross monthly income is the amount of money a borrower earns before taxes and other deductions are removed.

If you find that your debt to income ratio is too high, you could:

  • Use a larger downpayment to reduce the loan amount.
  • look for a lower priced home
  • Pay off the balances on your existing debt
  • increase your monthly income

Scammers offer free credit report, here’s how to get one with no strings attached!

You can obtain a credit report at least once a year to check or correct errors or problems. The only official site for the free credit check is The report is free but actual scoring has a fee attached to it. You can check your report with the 3 major bureaus (Equifax, Transunion, and Experian) Be warned, your reports may not be identical, and if you do order a score, the system the lenders use to validate is slightly different from consumer purchased scores.

Remember, is the ONLY guaranteed free site.

SINGLESTOR For Sale in East End, Nome

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Large 24×24 Garage

1763 sqft

2 bath

4 bdrm



435000 USD .

New appliances, floors and more!

MLS® 657744

Amazing space, amazing construction, amazing location!

Why settle for less? This home was built and designed by a 5 star rated contractor in 1990 to BEES (Building Energy Efficiency Standard). This home will qualify for any and all types of financing that are available due to the high quality of construction.

Plenty of room to move, and it feels even more spacious than it is thanks to the vaulted ceiling and an open floor layout for the living areas. Four bedrooms with an office that could also be used for a guest sleeping area means everyone can have their own space, and the extra-large ‘California-style’ closets help you keep your home neat as a pin!

The detached 2-car garage hosts the mechanical, so you don’t have that brand new boiler and brand new on-demand hot water heater taking up precious living space in your lovely new home. The lot is one of the rare double lots, and the location is perfect for walking to the Rec Center, softball field, Nome Elementary or the hospital!

Current owner recently remodeled; new flooring (both wood and vinyl) new exterior doors, new dishwasher, new stove, new fridge… this home is in excellent condition and should be trouble free for years!

Call today to set up a time to see this amazing home!

Property information

Single Story For Sale in Icy View, Nome

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Great Icy View location!

•  1,560 sq. ft., 2 bath, 3 bdrm single story$289,000. New on the market!
MLS® #256984  

– This spacious home in IcyView, brand new on the market is affordable and features a large 2 car garage/shop. The great room floorplan for the kitchen and living room areas have a woodstove and large windows make this a cozy area perfect for gatherings.

Ample parking, close to bus stops in one of the better neighborhoods in Nome.

This home won’t be on the market long! Only prequalified buyers may submit offers.

Property information