Nov 15, 2022
2 min read
What Is a Debt-to-Income Ratio?
A ratio to be familiar with
Debt-to-Income (DTI) ratio is a financial ratio that compares your monthly debt payments to your monthly gross income. It is commonly used to assess your creditworthiness when it comes to getting qualified for a mortgage. DTI ratio is a financial ratio you should be familiar with on your personal finance journey.
