Debt-to-Income Ratio (DTI)
The percentage of your gross monthly income used to pay debts.
Definition
DTI is a key underwriting measure. Lenders consider housing DTI and total DTI to assess whether the payment fits your income.
The percentage of your gross monthly income used to pay debts.
DTI is a key underwriting measure. Lenders consider housing DTI and total DTI to assess whether the payment fits your income.