DTI
Debt-to-income ratio: monthly debt payments divided by gross monthly income.
Front-end looks at housing alone. Back-end adds the car, the cards, and the other debts.
The percentage is a teaching result. It is not a yes from a lender.
Debt-to-income ratio: monthly debt payments divided by gross monthly income.
Front-end looks at housing alone. Back-end adds the car, the cards, and the other debts.
The percentage is a teaching result. It is not a yes from a lender.