Saving, Managing Debt, and Budgeting
What if my debt-to-income ratios are higher than average, and a lender still will give me a loan?
Just because a lender qualifies you for a loan, that does not mean you should take it. The lender may not care about your long-term financial success. Having a worse than average debt-to-income ratio means trouble on the horizon if not corrected, and should signal action on your part to reduce the debt.