Debt-to-Income Ratio, or DTI ratio, is how a bank or lender determines what you can afford to borrow. It is a way to determine your ability to pay back the loan based on your income and other debt obligations. If your DTI ratio is too high, then you’re a risky borrower and may not qualify … Read moreHow to Calculate Debt-to-Income Ratio (DTI Ratio)
If you want to purchase a home, you might wonder, “how much house can I afford to buy?” With the mortgage rates still close to its all-time lows and home values still below the peak, this may be a good time to buy. But how can you figure out how much house you can really … Read moreHow Much House Can I Afford to Buy?