{"id":2546,"date":"2018-02-16T08:34:11","date_gmt":"2018-02-16T08:34:11","guid":{"rendered":"http:\/\/www.realestatewords.com\/?page_id=2546"},"modified":"2022-05-23T13:28:34","modified_gmt":"2022-05-23T13:28:34","slug":"dti","status":"publish","type":"page","link":"https:\/\/www.realestatewords.com\/dti\/","title":{"rendered":"DTI (Debt to Income Ratio)"},"content":{"rendered":"
A debt-income-ratio (DTI)<\/strong> is a ratio that shows what percentage of income is going toward the debt.<\/p>\n Your debt-to-income ratio (DTI) is the percentage of your monthly income that goes towards expenses e.g. rent<\/a>, mortgage<\/a>, credit cards, or other debt<\/a>.<\/p>\n Gross monthly income is the income before tax.<\/p>\n This ratio is an important indicator of your ability to pay the interest on the loan and still have enough income available for your basic needs.<\/p>\nExplanation<\/h2>\n