A formula that determines a borrower’s ability to repay debt and manage monthly loan payments, calculated by dividing gross monthly income by monthly debt payments.
Debt
÷ X 100 = DTI%
Income
A formula that determines a borrower’s ability to repay debt and manage monthly loan payments, calculated by dividing gross monthly income by monthly debt payments.
Debt
÷ X 100 = DTI%
Income
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