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A low debt to income ratio increases your chances of being approved for a home mortgage loan. Be sure to research the different types of home mortgage loans before applying. So many homeowners who found themselves in or close to foreclosure in recent years are in that position because they did not take the time to understand the terms of the loan they took out. Taking the extra time to research the differences between home mortgage products will save you from future financial disaster. And do stay within your financial means.