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Debt to Income Ratio A debt to income ratio (often abbreviated DTI) is the percentage of a consumer's monthly gross income that goes toward paying debts. Speaking precisely, DTIs often cover more than just debts; they can include certain taxes, fees, and insurance premiums as well. Nevertheless, the term is a set phrase that serves as a convenient, well-understood shorthand. There are two main kinds of DTI, as discussed on Wikipedia Like I told my webmaster, Debt to Income Ratio equals Monthly revolving & installment payments divided by your income to give you a percentage. Your percentage is a key factor in your rate and the type of mortgage program you can afford. Monthly revolving & installment payments consist of: auto payments, mortgage payments, student loans, alimony, child support and credit card payments. Monthly revolving & installment payments do NOT include: cell phone bills, cable bills, utilities. DTI = Monthly Debt/Income Anyone looking to actually save money with their home financing can Contact Me Directly to get the process started. On the other hand, if you are a Real Estate Professional and you would be interested in keeping more of the profits originating from all the home loans you initiate, you can Become an Associate of My Team by filling out the form on that page. Return Home for more Valuable FREE information...! In order to find out what your best loan options are, you can start the process by visiting my Loan Helper page and when you submit your contact information in the form on that page, that will let me know you are interested in finding out how I can help you.
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