713K views · 930 reactions | Do you know what your "DTI" is? Here's why it's so important for your financial health. | Refinery29 | Facebook

🏡 Understanding Debt-to-Income Ratios (DTI) in Home Buying! 🏡 Hey everyone! Let's dive deep into the world of DTI - your debt-to-income ratio. It's a crucial factor lenders consider when you're buying a home. Here's a simple breakdown: 1️⃣ What is DTI? It's the percentage of your monthly income that goes towards paying debts. 2️⃣ How is it Calculated? Easy! Debt divided by income! When qualifying over the phone, Lenders will typically take your monthly income (let's say $8,000) and halve it to