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DTI RATIO

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earlyKY
Regular Contributor

DTI RATIO

Can someone tell me how to figure your debt to income ratio?

 

Smiley Very Happy

Message 1 of 3
2 REPLIES 2
oldcreditwoes
Contributor

Re: DTI RATIO

It is a percentage...

 

divide your total debt by your total income, and the answer you get is the percentage of debt to income

 

as an example:

 

if you have 10000 in income    1000 in debt:        1000/10000   = 10%   that is your Debt to income    1/10  or  10%

 

plug in your own numbers....and do the math.

 

hope this helps

Message 2 of 3
earlyKY
Regular Contributor

Re: DTI RATIO

Thanks!!
Message 3 of 3
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