View Full Screen. TROY, Michigan â White remains the most popular color choice for new cars, according to a survey by PPG Industries. The automotive coatings manufacturer recently released data showing that, globally, white accounted for 28 percent of 2014 model-year vehicles, based on manufacturers' build figures.
Many factors are considered, including your monthly income, debts, assets, and current interest rates. After taking your loan application and running your credit, your loan officer will compute the interest rate that you qualify for. Your credit score, the type of property you are buying, and the type of loan program all change the interest rate you will get. In addition they will calculate your debt-to-income ratio (DTIR), which is calculated by dividing your monthly income by your monthly payments. A good debt to income ratio will be below 40% - although many loan programs allow for slightly higher ratios.
A debt-to-income ratio (DTI) is a personal finance measure that compares the amount of debt you have to your overall income. Lenders, including mortgage lenders, use the debt-to-income ratio as a way to measure your ability to manage the payments you make each month and repay the money you have borrowed.