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Understanding Debt-to-Income Ratio and How to Calculate It
November 25, 2024
Categories: General, Home, Mortgages
When you’re thinking about buying a home, one of the key factors lenders consider is your debt-to-income (DTI) ratio. But what exactly is this ratio, and why does it matter? In this post, we’ll break down everything you need to know about DTI, including how to calculate it, why it’s important, and how it impacts your mortgage or home loan application. What Is Debt-to-Income Ratio? Your debt-to-income ratio is the percentage of your monthly gross income that goes towards paying...
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118 South Main Street P.O. Box 135 - Ada -
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