Debt-to-Income Ratio (DTI) Explained

Debt-to-Income Ratio (DTI) Explained What is debt-to-income ratio? Your debt-to-income ratio is all your monthly debt payments combined divided by your gross monthly income. This ratio is used by lenders to measure your credit worthiness. A friend recently asked me, how do they calculate my income? As in, how do credit bureaus know how much …

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