Debt Income Ratios and Getting a Mortgage

When you separate, your debt-to-income ratio is recalculated from scratch. Joint debts that were comfortable on two incomes can suddenly look very different on one. This article walks through what lenders look at, what the standard ratios are, and what you can do to position yourself for a single-income mortgage in the months after separation.

A short conversation with a mortgage broker before you start the legal separation process can save you from a difficult surprise later.