My fiance is getting hired on by his brother-in-law to do construction. In order to pay for materials, tools, ECT. He is wanting to apply for a personal loan. At the same time we're wanting to buy a home. My concern is that if we apply for the loan BEFORE the house it will affect our DTI ratios with buying a home. But if we wait until AFTER we buy a home does us having a mortgage payment affect the DTI for being approved for the personal loan? I guess that my question is what is the DTI ratio you look for in personal loans? Sorry if this sounds confusing. Thanks!
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