What Debts to Include When Searching?

A reader using the FreeRateSearch.com site asks:

Q: Should the monthly debt for rate search include credit card minimum payments, student and auto loans only, or must it include other debts such as first mortgage payments, utilities, insurance, etc.?

A: The FreeRateSearch.com engine automatically calculates your debt-to-income ratio for your new proposed mortgage loan so don’t include it. You only need to list other non-mortgage debt payments (such as credit card minimum payments, student and auto loans). Utilities are never included in calculating mortgage debt ratios.