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What is the debt-to-income ratio lenders use to qualify borrowers for loans?

April 26, 2017borrowers debt-to-income lenders Loans qualify ratio

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What is the debt-to-income ratio lenders use to qualify borrowers for loans?

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Your debt-to-income ratio should be less than or equal to 36 percent. This means that your bill payments should not be more than 36 percent of your income.