Everyone talks about credit scores — but your debt-to-income ratio (DTI) may be just as important, Broke Millennial author Erin Lowry says. Full article > https://rach.tv/2D0yTCi | Rachael Ray Show
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Everyone talks about credit scores — but your debt-to-income ratio (…
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How to calculate your DTI 1. Add up all your monthly debt payments 2. Divide the total by your gross monthly income 3. Multiply the result by 100 to get a percentage When is your DTI important? 1. When you’re considering a mortgage or buying a car 2. When you’re applying for a new loan 3. As part of your overall financial health #moneytips #dti #debttoincomeratio #finances FOLLOW @LindaMoneyTips to increase your financial knowledge in saving, budgeting, investing and more. @lindamoneytips @linda
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How to calculate your DTI 1. Add up all your monthly debt payments 2. …
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