Debt-to-Income Ratio (DTI): Determines mortgage affordability, crucial for loan qualification and approval.
Calculation Methods: Front-end DTI (housing expenses) and back-end DTI (all monthly debts).
Debt-to-Income Ratio (DTI): Determines mortgage affordability, crucial for loan qualification and approval.
Calculation Methods: Front-end DTI (housing expenses) and back-end DTI (all monthly debts).