Debt to income is one of the factors used for qualifying a borrower for a particular interest rate. Of course, the interest rate determines the principal and interest payment commitment which adds to to monthly financial obligation. For each loan product a rate based upon the proposed or locked rate is used. For a fixed-rate loan, this is the given rate. For adjusted-rate loans, this may be the fully indexed rate or a certain percentage above the initial rate. Your mortgage loan originator should be able to tell which.
3511 Shady Brook Dr, Augusta, GA 12345
(123) 456-7890
info@example.org
Mortgage Corporation | NMLS# 12345
Ron Beckert NMLS# 12345; VA Mortgage Loan Originator License #MLO-12345AB;
Mortgage Loan Originator License #ML123456.
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