Lenders are generally less willing to approve mortgage loans for borrowers with high debt-to-income ratios, and if they do approve such loans, they may require the borrower to pay a higher interest rate.

Authors

• Person: Karen Idelson Organization: Rocket Mortgage
  Debt-to-income ratio (DTI): What is it and how is it calculated?

Sources

• Debt-to-income ratio (DTI): What is it and how is it calculated? www.rocketmortgage.com Karen Idelson · Rocket Mortgage via serper

Referenced by nodes (1)

• debt-to-income ratio concept