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?

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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.

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Last Updated on: Fri, 8 Jun 2018

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