Posted on: 10th Feb, 2012 02:23 pm
I am the primary coborrower of my residence that I live in. I have kept up house payments for 4 years without issue. I am under pressure by the other coborrower (ex relationship) to assume the mortgage. Unfortunately I have a high debt to income ratio that I am in the process of correcting. What other options are there for the us to explore?
Welcome jeanie,
In order to reduce your debt to income ratio, you will either have to increase your income or pay off and reduce your debts. Once your debt to income ratio is reduced, you will be able to get a refinance.
In order to reduce your debt to income ratio, you will either have to increase your income or pay off and reduce your debts. Once your debt to income ratio is reduced, you will be able to get a refinance.