What is "Debt to Income Ratio"?

What is "Debt to Income Ratio"?

A lot of people ask me what is a D.T.I? Or a debt to income ratio? 

A debt to income ratio is how much debt you have vs how much income you make. 

Debt is anything that is on your credit report, whether it's student loans, car notes, credit card bill, or anything like that. 

However, debt is also any reoccurring payments that you have that is not recorded on your credit report. 

Why is DTI important? Because mortgage lenders look at your debt to income ratio to find out how much home you can afford.

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