A higher debt-to-income ratio indicates to lenders that a borrower may be overextended financially, as a larger portion of their monthly income is allocated to debt payments.

Authors

• Person: Not available Organization: Sallie Mae
  What Debt-to-Income Ratio Means and Why it's Important - Sallie Mae

Sources

• What Debt-to-Income Ratio Means and Why it's Important - Sallie Mae www.salliemae.com Sallie Mae via serper

Referenced by nodes (1)

• debt-to-income ratio concept