Figuring out how much to spend on a house can be hard when you have a sea of houses to choose from. But no need to fret! As your local mortgage professional, Steadfast Mortgage can guide you through the quest for homeownership.

How to Use DTI to Calculate Home Affordability

First things first, let's talk about Debt-to-Income Ratio (DTI). DTI helps us mortgage professionals determine how much house you can afford. Think of it as a comparison between the money you earn and the money you spend. We're talking about your recurring expenses like housing costs, car payments, student loans, and credit card debt. After crunching the numbers, we'll get a DTI percentage.

Here's what that might look like. Let's say you earn $2,000 a month, and your