"We know for a fact that lenders have a keen eye on your credit report and they scrutinize the list of debts in it. They weigh out the credit card, auto loan, and personal loan, and from these determine if an applicant is deserving of a loan or not. As an expert puts it, “debt-to-income ratio typically needs to be 40 percent or lower to qualify for a mortgage, and lower percentages could mean lower rates.” Applying for a mortgage is one of the biggest decisions you will ever make, and securing a loan to buy that home is a most satisfying achievement. Consult Houston mortgage lenders like Churchill Mortgage to lay out the cards for you, and help you plan accordingly."
http://houston.churchillmortgage.com/info-article/what-a-houston-mortgage-lender-looks-into-clean-credit-reports/
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