Used in the mortgage practice to determine the amount of money a lender would consider loaning to a person and measures their ability to pay the loan. Typically the debt to income ratio should not exceed 28-36% of one’s gross income.
Used in the mortgage practice to determine the amount of money a lender would consider loaning to a person and measures their ability to pay the loan. Typically the debt to income ratio should not exceed 28-36% of one’s gross income.