A Number as Useful as Your Credit Score

If you’re shopping for a mortgage, calculate this number first.
A Number as Useful as Your Credit Score
You can calculate your debt-to-income ratio right at home. Andrey_Popov/Shutterstock
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Looking to become a homeowner this year? Or maybe you want to sell your current home to move to a different location or into a larger property. More than likely, that means you'll be shopping for a mortgage—a home loan that will allow you to make that move.

Whether you know your credit score or not, by now you are aware that you have one and that potential lenders and insurance providers use that three-digit number to evaluate your credit worthiness.

Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM
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