Debt-to-income ratio (DTI) divides the total of all monthly debt payments by gross monthly income, giving you a percentage. Here’s what you should know: Lenders use DTI — along with credit history — to evaluate whether a borrower can repay a loan. Each lender sets its own DTI requirement. Personal loan providers generally allow higher...
The article What’s Your Debt-to-Income Ratio? Calculate Your DTI originally appeared on NerdWallet.
from neb biz feed 1 https://ift.tt/31ZUmTj
via Nebula Biz Local Loans
No comments:
Post a Comment