The preapproval and DTI (debt to income) verification can strengthen your buyer’s offer – especially in a competitive market. Debt to income is a key factor in a buyer’s credit qualification and in their ability to “escalate” their offer if faced with other competing offers. 

Topics Covered

• How a DTI ratio is calculated
• The importance of knowing the DTI when competing against other offers
• How to better your client's bargaining position using your knowledge of DTI

Course Duration

• 5 minutes

About The Instructor

Smit has been working in the residential real estate industry for over 20 years. Smit's trifecta expertise combines his experience as a real estate broker, owner and mortgage lender and his degrees in economics, political science, and law bring a well-rounded approach to his teaching. Smit has taught NAR credential courses throughout the Pacific Northwest. His passion for real estate, finance and teaching has led him to create and launch several custom courses as well, addressing current trends such as Survival Skills in a Changing Market, What you should Know about STR's and Real Estate Finance for Realtors. Smit's classroom is an energetic experience as he drives towards a high level of participation by students.