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How to Calculate Your Debt-to-Income Ratio

How to Calculate Your Debt-to-Income Ratio | Mortgage Loans | Alex Doce

You can have stellar credit and a great income, but if your debt-to-income ratio (DTI) is too high, it may still be challenging to obtain a mortgage. Your DTI, also known as your credit utilization ratio, helps your lender determine whether you are likely to become overextended after taking on the new loan. Even if […]