04/03/2025
Do your homework before going to visit your lender. This could help you understand the numbers before you arrive.
You’ll see the term debt-to-income ratio a fair amount if you're applying for a mortgage. Debt-to-income ratio is also known as DTI. This is a measure of your monthly debt payments divided by your gross monthly income. Lenders use DTI and your credit history to determine whether or not you can...