What is debt to income ratio?

Answer A debt-to-income ratio measure how much money you owe compared to how much money you make. Most debt-to-income ratios use your pretax monthly income.TypesThe two most common debt-to-income ratios a... Read More »

Top Q&A For: What is debt to income ratio

What is a good debt to income ratio?

On One Hand: A Low DTI Is GoodThe debt to income ratio is calculated by dividing the total monthly debt payments of a borrower into his total monthly income. The lower a borrower's debt to income (... Read More »

What is the debt-to-income ratio for mortgages?

The debt-to-income ratio for mortgages is a method that lenders use to determine how much mortgage a consumer can afford. The standard ratio lenders use is 28/36. The first number represents the fr... Read More »

Debt to Income Ratio for a Mortgage?

To qualify for a mortgage loan, you must meet certain criteria. Mortgage lenders look at not only your credit score and monthly income, but also at debt. Many mortgage lenders focus on the debt to ... Read More »

Debt to Income Ratio & Car Leasing?

A debt-to-income ratio is the amount of money you have coming in--proved by your income--versus the amount of money you pay out for your debts--listed on your credit report. Leasing institutions of... Read More »