Debt-to-Income Ratio Explained: What Lenders Look at Before Approving Your Loan
You found a house you love, your credit score is solid, and you have the down payment saved. Then the lender comes back with a question that stops the conversation: “What’s your debt-to-income ratio?” If you can’t answer, you’re not alone. Plenty of otherwise well-qualified borrowers get surprised—sometimes derailed—by this one number. Your debt-to-income ratio … Read more
