Debt-to-Income Ratio Made Simple: Understand It & Take Control
Ever feel like lenders are speaking a foreign language when they mention your debt-to-income ratio (DTI)? Yeah, me too—at least, before I learned what it actually means. Turns out, it’s not as complicated as it sounds. Your debt-to-income ratio (DTI) is just a fancy way of saying, “How much of your income goes toward debt …