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How to Calculate Debt-to-Income Ratio (DTI Ratio)

How to Calculate Debt-to-Income Ratio (DTI Ratio) 1

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 assess 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)