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What is Debt-To-Income Ratio (DTI Ratio)?

April 26, 2017debt debt-to-income dti income Interest rate mortgage PITI Principal ratio

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What is Debt-To-Income Ratio (DTI Ratio)?

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For someone who doesn’t carry a lot of debt, I didn’t give Debt-to-Income Ratio a serious thought until I start lending money on peer-to-peer lending networks — i.e., Prosper and Lending Club. The truth is, DTI is important; especially in the business of borrowing and lending money.