Скачать или смотреть 🏦 DTI or Debt to Income Ratio for Mortgage Loan💰Calculation | Bank Lender's Perspective Explanation

DTI or debt to income ration is a tool banks use to approve a mortgage loan application. ➜https://amzn.to/2K56zh6, I read various books that give financial tips like Rich Dad Poor Dad and knowledge is power. Today I will be talking about what is debt to income ratio? It is basically a tool used by lenders to gauge the amount of risk you are to them. Based on your calculation of debt to income banks can figure out if you are the perfect candidate for a certain mortgage home loan or other investment loans you may be interested in. Generally a debt to income ratio below 40% is desirable. The higher your debt to income ratio is the higher risk you are to lenders and the lower your debt to income ratio makes you more qualified for loans from your lender. It is really easy to calculate your debt to income ratio. You just take your debt and divide it by your net income after taxes then times it by 100 to get you DTI percentage.