For instance, a mortgage lender will see your DTI ratio to determine how much mortgage you can afford after you pay all your monthly debts.

Just came across the term. Have no clue about it? What help does it provide, if any? Could anybody tell how can I calculate it?

1 Answers
Votes: 
-1 vote
+
Vote up!
-
Vote down!

Your debt-to-income (DTI) ratio is the % of your income that you use toward paying your debts. Most lenders, make use of your debt-to-income ratio to determine how much debt you can handle. For instance, a mortgage lender will see your DTI ratio to determine how much mortgage you can afford after you pay all your monthly debts.


Ask Question

Waterfall approach to debt free ™

Legal debt relief methodology that works based on your financial conditions. Learn more »

BBB-A--Rating