Tag: debt to income

• Mortgage

What’s My Debt-to-Income (DTI) Ratio?

By Leesa Sandoval

March 28, 2010

Debt-to-Income (DTI) is one of the many new mortgage related terms many First-Time Home Buyers will get use to hearing.

DTI is a component of the mortgage approval process that measures a borrower’s Gross Monthly Income compared to their credit payments and other monthly liabilities.