How to Calculate Debt-to-Income Ratio?


When applying for a mortgage, you must have or will come across the term debt-to-income ratio (DTI). In the first instance, you would get confused about what it means. As DTI is one of the key factors in qualifying for the home loan, you need to have a better understanding of the term. This article will help you understand the term and what to calculate the DTI.

Comments

Popular posts from this blog

Mortgage Prequalification Vs Mortgage Preapproval

Mortgage Fraud: Everything You Need To Know

4 Types of Mortgage Loans Homebuyers Need to Know