Debt-To-Income Ratios — What To Know To Qualify For A House Loan
Are you considering applying for a home mortgage? Whether it's a new house loan or you want to refinance an existing home loan, one of the most important qualification factors is the debt-to-income ratio (DTI). What is this ratio? How can you calculate yours? And what details should you know about it? Here are some answers to your burning questions. What Is the Debt-to-Income Ratio? The debt-to-income ratio is a calculation that tells a lender how much debt you carry in relation to your income.