I think I know how to figure it up but it seems USAA has a weird way of figuring it out with a rental involved. My debts total $3557 and my income with the $1600 per month income with rent is $6020 per month. So is it pretty sraight forward 3092/6020 = 59%?? I take it with outstanding credit, this DTI ratio is too high to do any other type of loan? Scores are 740 plus and solid income. Thanks.
I have been told by USAA rep one time that they sometimes included the entire CL on CCs when figuring DTI because "at anytime I could charge it all up"..I at that time was at 19% with balances owed and told her "I hadn't used it all up before...why would I do it now"..oops bad thing to say for a CLI request (had card 2 yrs with no CLI) ..her final reply was "well then I guess you don't need it" needless to say request declned, but funny thing auto increase came 90 days later for more then I had asked for
I don't think they go into your schedule E. But tried to get my lenders to tell me how they figure it and amazingly they won't tell!