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I drink your milkshake! a metaphor for capitalism
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<blockquote data-quote="1989" data-source="post: 3601446" data-attributes="member: 10280"><p>A bank only cares about getting paid. </p><p></p><p>1. One could owe 400k With a payment = to 20% debt to income. A car payment and $5,000 on a credit card. No other assets. </p><p></p><p>2. Another could owe 400k with a payment = to 40% debt to income. No other debts. A few other assets. $300,000 in a 401k.</p><p></p><p>Number 1 is a much higher risk. I do think the bank should calculate dti ratio on take home only.</p></blockquote><p></p>
[QUOTE="1989, post: 3601446, member: 10280"] A bank only cares about getting paid. 1. One could owe 400k With a payment = to 20% debt to income. A car payment and $5,000 on a credit card. No other assets. 2. Another could owe 400k with a payment = to 40% debt to income. No other debts. A few other assets. $300,000 in a 401k. Number 1 is a much higher risk. I do think the bank should calculate dti ratio on take home only. [/QUOTE]
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I drink your milkshake! a metaphor for capitalism
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