A debt-to-income (DTI) ratio of 50% or more indicates that more than half of a borrower's income goes toward debt payments, which may limit funds for saving, spending, or handling unforeseen expenses, and may cause lenders to limit borrowing options.

Authors

• Person: Not available Organization: Wells Fargo
  What is a Good Debt-to-Income Ratio? | Wells Fargo

Sources

• What is a Good Debt-to-Income Ratio? | Wells Fargo www.wellsfargo.com Wells Fargo via serper
• DTI Ranges - Wells Fargo www.wellsfargo.com Wells Fargo via serper

Referenced by nodes (1)

• debt-to-income ratio concept