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Mortgage glossary
Debt-to-Income Ratio (DTI)
The percentage of qualifying monthly income used for monthly debt payments. The lender calculates it using program rules and verified information. Acceptable limits vary by loan, lender, and borrower profile.
In plain language
This term may appear in conversations, forms, or documents during the mortgage process. If something important changes in your situation, ask how it may affect your case before making a decision.
This explanation is general and educational. It is not personalized advice, a loan offer, or a promise of approval.