The Daily Money: Mortgage loans based on debt-to-income ratio; Social Security advice

Good morning, it’s Nathan wishing you a happy Thursday!I know there’s a lot of disagreement out there about COVID travel policies, but one thing I think we can all agree on is that you shouldn’t pretend to be your spouse in an attempt to board a plane.💰 The Daily Money is our regular USA TODAY roundup of all things personal finance, business and tech. If you’re not yet subscribed, it’s free, so sign up here!On to our … 💡 INSIGHT OF THE DAY: If you’re looking to buy a home, most mortgage lenders historically won’t lend to you if you’re debt-to-income ratio will be more than about 38%. But for certain types of mortgages, that figure can actually rise as high as 58%. To calculate that figure, add up all your monthly payments on debt, including the potential mortgage, and divide it by your monthly income.📰 And here are more stories you won’t want to miss:1. Social Security only covers 40% of retirement on average. Here are some tips on how to make up the difference. 2. Are businesses allowed to ask you if you’re vaccinated? In a word, yes. They can ask you for proof, too.3. Bought a muffin recently from Walmart or 7-Eleven? It might be subject to a recall blamed on listeria contamination.4. What a windfall! After returning from space flight, Jeff Bezos announced he’s donating $100 million each to chef José Andrés and CNN commentator Van Jones.5. Taco Bell is giving away free Flamin’ Hot Doritos Locos Tacos on Thursday: The promotion is tied to the Milwaukee Bucks’ victory over the Phoenix Suns in the NBA Finals.If you were a Suns fan, would you still indulge? I would. But that’s easy for me to say since I was cheering for the Bucks.–@NathanBomey


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