Facebook
X
Pinterest
Copy Link
When you apply for a mortgage, lenders look at your debt-to-income ratio to determine how much you can comfortably afford.
What is DTI?
It’s a comparison of your monthly debt payments to your monthly income.
Why lenders use it
DTI helps lenders understand your financial stability and borrowing capacity.
What’s a good range?
Many lenders prefer a DTI of 43% or lower, though this varies by loan program.
How to estimate it
Add up your monthly debts (credit cards, car loans, student loans) and divide by your gross monthly income.
Takeaway: Your DTI helps determine what price range fits your budget and loan options.
If you want help estimating your DTI, I can walk you through it step by step.
