What is debt-to-income ratio?
Debt-to-income ratio (DTI) What is debt-to-income ratio and why is it important? These are all great questions and in this article we will do our best to answer them. Your debt-to-income ratio, also known as DTI, is a measure of how much debt you have compared to your income. “Your DTI is one way lenders measure your ability to manage the payments you make every month to repay the money you have borrowed.” according to www.consumerfinance.gov.” To calculate [...]