Debt-to-Income Ratio

What is it? The ratio of the borrowers total monthly obligations - including housing expenses and recurring debts - to monthly income. Its used to determine your capacity to repay the mortgage and all other debts. Your debt-to-income ratio is a crucial calculation

Added By: Gracie

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We hope you now understand the meaning of Debt-to-Income Ratio. If you need any more information on this term, please don't hesitate to contact us.