What is Debt-to-Income Ratio?
Your debt-to-income ratio (DTI) is all your monthly debt payments divided by your gross monthly income. DTI is one of many factors lenders use to evaluate a buyer’s ability to manage the monthly payments.
Your debt-to-income ratio (DTI) is all your monthly debt payments divided by your gross monthly income. DTI is one of many factors lenders use to evaluate a buyer’s ability to manage the monthly payments.