Lenders prefer a DTI below 36% for the best terms.

💡 The "best" rate is one that allows you to build equity without becoming "house poor." If rates drop later, you can always refinance.

Scores above 740 typically unlock the lowest advertised rates.

15-year mortgages have lower rates than 30-year mortgages but higher monthly payments.

While 6-7% may feel high compared to 2021, it is still lower than the 18% seen in the 1980s. Loan Structure