Fixing Your Debt To Income Ratio 2017-10-24T10:00:37+00:00

Project Description

A debt to income ration (DTI) is one way lenders (in this case mortgage lenders) measure an individual’s ability to manage monthly payment and repay their debts.  DTI is calculated by dividing total recurring monthly debt by gross monthly income.

Mortgage expert Deanna Turner explains a product that offers two individuals purchasing a home together the opportunity to use one of the borrower’s income in the situation that there is too much debt between both individuals.  Take a look!