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).
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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).