Calculate Mortgage Approval Based On Income

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Homebuyers are faced with many crucial decisions from finding a real estate agent to picking the right house and, most important, getting approved for a loan. To help ease this process, NerdWallet has.

The challenge in buying a home with land on a fixed income comes from having enough income to afford the home. Lenders typically apply a test, called a debt-to-income ratio that caps your total.

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