How to calculate your DTI: Using a $7K monthly income, here are the debts: • Credit card: $150 • Car payment: $300 • Student loan: $250 • New mortgage: $1,750 Calculating: Total debts = $150 $300 $250 $1,750 = $2,450 DTI = (Total debts / Monthly income) x 100 = ($2,450 / $7,000) x 100 = 35% The 35% Debt-to-Income Ratio is a key indicator of financial obligations relative to earnings. For more insights, reach out with questions. 📊🏠 #DTICalculation #MortgageInsights #mortgage #mortgagebroker #re
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How to calculate debt to income ratio? ✔️First, start by adding up your bills and all other monthly debt ✔️Next, divide that total by your gross monthly income ✔️This result is your ‘Debt To Income Ratio’ Know It, Adjust It, and Never again be bound by it! Tomekia Bullock-Carter⁠ Carterinspiredhomes ☎ Call us now (770) 912-1302 📩 Email tomekia.carter@coldwellbankeratlanta.com 📌Like us on FB : https://www.facebook.com/CarterInspiredHomes 📲Visit us: https://carterinspiredhomes.com/ #Carterinspi
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