Tag: DTI

All About DTI: How Much Debt Is Too Much If I Want to Buy a Home?

Feb 13, 2024

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by

Deeds.com

in Mortgage

Receiving the deed to a home is a major milestone. Typically, it depends on an earlier milestone: the mortgage approval. Apply for a mortgage, and lenders will consider your debt-to-income ratio (DTI). Why the DTI? Essentially, the lender wants to know how much of your earnings you spend, using credit. A low DTI suggests that…