Video Transcript:
A co-borrower’s income seems helpful, but their debt is often the disqualifying factor. Lenders don't just add income; they meticulously add every single liability, skewing the calculation. This is the exact structural failure I, David Ghazaryan, navigate daily. It’s not about income, but the precise architecture of your combined debt-to-income ratio. The real threat is phantom debt. For deferred student loans, underwriters must calculate a monthly payment, often 0.5% of the balance, disqualifying otherwise strong applications. We can neutralize this calculated debt. One approved strategy involves using verified assets to completely pay off a co-borrower’s specific liability directly during the closing process. Ignoring this DTI calculus forces a compromise: apply solo and lower your purchasing power, or apply jointly and risk a denial from your partner’s unseen liabilities. This analysis continues on my social platforms and website. The original article detailing these debt calculations is linked directly for you below in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/how-co-borrower-debt-can-block-your-henderson-home-loan
