How to Calculate Your Debt-to-Income Ratio (DTI)
DTI is the proportion of your debt commitments relative to your monthly gross income. Lenders scrutinize this ratio to ensure you’re not burdened with excessive debt.
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DTI is the proportion of your debt commitments relative to your monthly gross income. Lenders scrutinize this ratio to ensure you’re not burdened with excessive debt.
Mortgage monthly payments are determined by loan amount, principal, interest, term and more. Calculate monthly payment to determine exactly what you can afford.
Getting a pre-approval helps buyers feel confident going into the home buying process and shows sellers that you’re a serious and qualified buyer.
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