Debt to Income

Definition

  • A ratio used to show how much of an individual's income goes toward debt repayments. The Debt-to-Income Ratio (DTI) can be used by lenders to determine an applicant's ability to repay a loan.

Notes
A ratio used by mortgage lending underwriters when determining an individual's credit worthiness and their ability to service a mortgage loan.

Acronyms
DTI

Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage