Debt-to-income ratio (DTI) is a financial metric that compares a person's monthly debt payments to their monthly income. It is used by lenders and financial institutions to assess a person's ability to manage debt and make loan payments on time. For example, if a person has a monthly mortgage payment of $1,000, a car loan payment of $300, and a credit card payment of $200, their total monthly debt payments would be $1,500. If their gross monthly income is $5,000, their DTI would be 30% ($1,500 divided by $5,000).
Bless MG. I watch a good portion of your content. I appreciate the grace you exemplified in this video. The explanation was clear and digestible. Keep this energy, fam! Thank you.
Robert mentioned he already has a house paid for, so how would he qualify for a FHA. What would be the reason for him to be denied if he went conventional?
This kid works with you and it doesn't seem like he's interested in learning the lingo smh not sure how he got the position and I don't wish the worst on people but he needs the boot
this "kid" is part of the reason you're even getting this kind of info on a platform for free. Im not the ONLY "kid" who doesnt know the "lingo" my job is to produce the content as a production manager. It was my choice to come on here and ask questions that others are scared to ask or dont know how to ask. Dont be ignorant and understand that what you know others DON'T always know. It doesnt "seem" like you know much of anything judging off of a clipped piece on content from a live smh
@@tukesproductions6657 okay so maybe stick to what ya know "kid" 👍🏼 understand you're trying to be helpful, but if it's going in one ear and out the other, then you aren't taking that role that seriously if that's the case. Oh and don't get emotional, it doesn't look pretty on you.
@@gabrielleon1121 some dont learn as fast as you champ, i mean you are watching this video for a reason no? matter fact lets have you come on the channel and teach something "sticking to what you know" lol ill let you keep watching though bud. Hope you learn a thing or two =)
@@tukesproductions6657 it's crazy, you've said more useful things on here than on the videos 😜 I'll give you a thumbs up anyways for helping put out the material for us. It's been fun 👍🏼
Debt-to-income ratio (DTI) is a financial metric that compares a person's monthly debt payments to their monthly income. It is used by lenders and financial institutions to assess a person's ability to manage debt and make loan payments on time. For example, if a person has a monthly mortgage payment of $1,000, a car loan payment of $300, and a credit card payment of $200, their total monthly debt payments would be $1,500. If their gross monthly income is $5,000, their DTI would be 30% ($1,500 divided by $5,000).
Bless MG. I watch a good portion of your content. I appreciate the grace you exemplified in this video. The explanation was clear and digestible. Keep this energy, fam! Thank you.
This is comedy and educational at the same time. Respectfully
Good Content, underrated video.
The real question here is, IS RENT CALCULATED IN DTI???? So many people keep saying yes it does but so many people are also saying no it’s not 😢
its not for mortgages since you will be leaving that property, but for personal loans/credit cards/autoloans it is calculated
No
Tools & websites please for reference
You know you numbers people
Robert mentioned he already has a house paid for, so how would he qualify for a FHA. What would be the reason for him to be denied if he went conventional?
Conventional guidelines on dti are stricter than fha
No TAXABLE INCOME
This kid works with you and it doesn't seem like he's interested in learning the lingo smh not sure how he got the position and I don't wish the worst on people but he needs the boot
this "kid" is part of the reason you're even getting this kind of info on a platform for free. Im not the ONLY "kid" who doesnt know the "lingo" my job is to produce the content as a production manager. It was my choice to come on here and ask questions that others are scared to ask or dont know how to ask. Dont be ignorant and understand that what you know others DON'T always know. It doesnt "seem" like you know much of anything judging off of a clipped piece on content from a live smh
@@tukesproductions6657 okay so maybe stick to what ya know "kid" 👍🏼 understand you're trying to be helpful, but if it's going in one ear and out the other, then you aren't taking that role that seriously if that's the case. Oh and don't get emotional, it doesn't look pretty on you.
@@gabrielleon1121 some dont learn as fast as you champ, i mean you are watching this video for a reason no? matter fact lets have you come on the channel and teach something "sticking to what you know" lol ill let you keep watching though bud. Hope you learn a thing or two =)
@@tukesproductions6657 it's crazy, you've said more useful things on here than on the videos 😜 I'll give you a thumbs up anyways for helping put out the material for us. It's been fun 👍🏼
@@gabrielleon1121 no problem glad you learned something =)