Your debt-to-income ratio is an important financial measure that tells the percentage of your monthly income that goes toward debt payments. In addition to your credit score, lenders use the debt-to-income ratio to approve your loan applications. Many lenders use your debt-to-income ratio to decide whether you can afford to take on mrore debt. Thankfully, unlike your credit score, you can calculate and easily manage your own debt-to-income ratio without much trouble and guesswork. Calculating Your Debt-to-Income...
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Great write up on how the Debt to Income works and the things we need to know to stay on our game. Working on mine so that I have ... Read More
Wednesday, 28 February 2018 18:55
When I first started last year, my FICO scores were in the mid 500s to lower 600s. As of June 15, 2017, my partner and I were able... Read More
Saturday, 03 March 2018 19:58
Great article. My wife and I have been able to reduce our DTI from >40% to the low 20%s. Once we pay off all of our student loans,... Read More
Saturday, 19 May 2018 14:19
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