What is Debt to Income (DTI)? | Why is DTI important for a mortgage?
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What is Debt to Income (DTI)? | Why is DTI important for a mortgage?
Your DTI, or Debt to Income ratio, is one of the most important numbers lenders look at when deciding if you qualify for a mortgage. It compares your monthly debt payments to your monthly income—and helps lenders understand how much home you can realistically afford. In this video, we break down what DTI is, and how to calculate it. A low DTI ...
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