Debt to income ratio

[Brianna M.]

Curious to know if taking on a conventional loan with a partner will help my DTI for the next property I want to purchase. Is partnering with someone a good way to lower your debt to income ratio? Or will the lender automatically make all mortgage debt count towards my DTI?

[Dennis Folk]

Hi Brianna, you can typically add a co-borrower (even non-occupant co-borrower) and utilizes that co-borrowers assets, liabilities, income, etc to help get the deal done so it would then be a collective DTI, the whole payment would not count solely against your income.