DTI stands for Debt-to-Income ratio. It compares your total monthly debt obligations to your gross monthly income. Lenders use DTI to measure how comfortably you can handle a mortgage payment alongside your other financial commitments. It’s not about being debt-free. It’s about balance. Understanding your DTI helps you see how adjusting debt, income, or down payment can change your buying power.
Please consult your Mortgage Advisor for guidance specific to your situation before making changes.
