Student Loans

Do Student Loans Count As Income – How to Calculate Your Debt to Income Ratios (DTI) First Time Home Buyer Know this!

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Do Student Loans Count As Income – Review

Learn How to Calculate your Debt to Income Ratio or DTI as a first time home buyer when buying a house, this is a great way to figure out how much house you can afford and whether NOW is the right time to buy a home! In this video, I discuss what debt to income ratio is, why debt to income ratio is important and how to calculate DTI.

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Hi, I’m Nicole Nark, a full-time Realtor® at Pixel Properties Realty in Little Rock. I came to Little Rock with the love of my life, I am a proud Mom of two furbabies (Mini Schnauzer Mix and German Shepard), a Graduate of Communications from the University of Arkansas-Fayetteville and Honor Graduate of Arkansas Real Estate School in Little Rock.

I believe that home ownership lays the foundation for a life of financial security and freedom.

From building equity in a home, to the tax benefits it provides, buying a home is the most important financial decision most people make during their life. For this reason it is important to work with a professional who is committed to act as an advocate for you and your best interests.

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30 Comments

  1. Over Rated1984
    July 25, 2021 at 11:32 pm

    Great VID THANK You!!!!!!

  2. Joe Gowac
    July 25, 2021 at 11:32 pm

    Hi. I had several credit cards that I have paid off and now have a zero balance. I have left the accounts open to help with my credit score but it now appears that those would also be factored into my DTI even though they are paid off? So do you recommend me closing them out and watching my credit score drop or Leaving them open and effecting my DTI?

  3. SimplyKristy
    July 25, 2021 at 11:32 pm

    Simplicity at its FINEST👌🏾👌🏾

  4. Sarah Moses
    July 25, 2021 at 11:32 pm

    What if you don't have any debt as far as credit card, school loans, car loans. How can I get a fair mortgage with the income that I have.

  5. farahnaz norouzi
    July 25, 2021 at 11:32 pm

    Love you girl thank you 🙏

  6. Sonya McClarty
    July 25, 2021 at 11:32 pm

    Should credit cards be paid completely off before purchasing a home 🏡?

  7. Kayla Trausch
    July 25, 2021 at 11:32 pm

    What if your student loans are deferred and you aren’t required to pay a monthly payment?

  8. Ferdinand
    July 25, 2021 at 11:32 pm

    Awesome explanation 🙂👍

  9. Jess Lynn
    July 25, 2021 at 11:32 pm

    If I am married will debt to income ratios be combined? Great content. I’ve already watched 3 videos, will subscribe now ☺️

  10. Wahab Waziry
    July 25, 2021 at 11:32 pm

    If you were close I would have kissed u on your forehead lol. A very well explained video. Thank you very much

  11. Paul Deloney
    July 25, 2021 at 11:32 pm

    Thanks for the information.

  12. Carissa Cantu
    July 25, 2021 at 11:32 pm

    Thank you so much…I appreciate your time and clear explanations!!

  13. Phil H
    July 25, 2021 at 11:32 pm

    Wow great video! I typically spend over 50% of income on credit every month…but I pay it in full every month. Can you tell me how this would affect the DTI?

  14. Soledad Fernandez Silva
    July 25, 2021 at 11:32 pm

    help

  15. Mike Soliman
    July 25, 2021 at 11:32 pm

    Wow truly you are Amazing I finally got it , I watched so many similar videos I was not able to get it , I hope you don’t mind if I send your videos to my friends?

  16. Imran Kher
    July 25, 2021 at 11:32 pm

    Good information thankyou

  17. Lena loves life
    July 25, 2021 at 11:32 pm

    I have just hit subscribed. Thank you, for explaining simply the rationales behind these numbers

  18. Lena loves life
    July 25, 2021 at 11:32 pm

    Very helpful

  19. Michael Strange
    July 25, 2021 at 11:32 pm

    Is that just the mortgage payment or do you have to figure taxes and insurance into it?

  20. Phaby Amardy
    July 25, 2021 at 11:32 pm

    Are closed accounts included in to debt to income ratio calculation?

  21. TZR95035
    July 25, 2021 at 11:32 pm

    Hhhmmmm i did this and my dti ratio for a month is .07 7%…..i must be doing something wrong….

  22. Chuzy Recona
    July 25, 2021 at 11:32 pm

    So things like Self lender and Rent accelerator ( report rent payments to credit ) Could hurt My D.T.I even though it would help raise my credit?👀

  23. Marlene Vaca
    July 25, 2021 at 11:32 pm

    I wish mortgage rates were that low here in California!

  24. faiyaz ansari
    July 25, 2021 at 11:32 pm

    @Nicole Nark…..down payment of $1500/$1250 shown in video includes Principal+interest+home insurance or its just Principal+interest ??

  25. Aggressive Defender
    July 25, 2021 at 11:32 pm

    Awesome video and well explained! I appreciate the much neeeded information 😊

  26. Candis Robinson
    July 25, 2021 at 11:32 pm

    Very easy to digest thanks!! 🙏🏽

  27. Daniela dominguez
    July 25, 2021 at 11:32 pm

    What’s would be the total amount you think we should have in savings for a house aside from grants and loans?
    I understand we don’t need to have a big amount of savings because of the programs or loans but what would be a safe zone per say for ourselves to finally say ok we think we’re ready to commit into searching for a home?
    We’re looking into start with our home process but so far we only have around 5,000 in savings I’m a little worried that it won’t be enough after grants or the loans but we would be a first time home buyers

  28. Vwj 87
    July 25, 2021 at 11:32 pm

    I'm trying to calculations but I just don't get it. I can understand yours and how you explain everything is so simple but I just can't figure mines out…

  29. Kamal Elfahssi
    July 25, 2021 at 11:32 pm

    Thank you

  30. Kerry Copes
    July 25, 2021 at 11:32 pm

    So helpful! Thanks