does a home equity loan count towards my debt ratio?

Yes it does if you are making payments on the home equity loan.

Yes

Yes.. in fact, if it's a HELOC, guideline require us to calculate your payment based on the credit limit for the account if it's still open for withdrawals... If your HELOC is in the repayment period, or if your lender locked you out of future withdrawals, then they will go by the payment that shows on the statement. Otherwise, they are required to based it on the payment as if the HELOC were maxed out regardless of what you owe. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Great day to you! Yes, a HELOC (Home Equity Line of Credit) does count against your debt ratio and the lender will you the actual limit and county that as your debt. If you are having an issue qualifying, I would suggest that you contact your local mortgage broker and have a face to face meeting and discuss options for you. You can find a Mortgage Professional at www.namb.org and click on FIND A Mortgage Professional and put your state in to search. Good luck. I am happy to answer any questions for you.

yes, all monthly debt payments count - and sometimes the payment needs to be based on something other than what you are currently paying.