Debt to income ratio
Monthly debt payments divided by gross monthly income.
Lenders use it to judge how much you can borrow. Under 36% is comfortable.
See it in action with the Debt to Income Ratio Calculator.
Monthly debt payments divided by gross monthly income.
Lenders use it to judge how much you can borrow. Under 36% is comfortable.
See it in action with the Debt to Income Ratio Calculator.