Debt-To-Income Ratio
What is it? A borrowers monthly long term debt payments divided by the borrowers gross monthly income and expressed as a percentage. This ratio is used by lenders to determine if a loan applicant is qualified for the amount of the loan.Added By: Aiden
The Debt-To-Income Ratio definition has been viewed 72 Time(s)!
Send To Friends!
If you'd like to send the Debt-To-Income Ratio definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Debt-To-Income Ratio. If you need any more information on this term, please don't hesitate to contact us.