What is Debt-to-Income Ratio?
![debt to income ratio calculation](https://kainhenehan.com/wp-content/uploads/2023/05/debt-to-income-ratio-calculation.jpg)
You may have heard the term “debt to income ratio” and have a vague idea of what it may mean. Lenders use the debt-to-income ratio as a device to evaluate whether you are a good candidate for a loan. So how much debt is too much debt? For the individual, the answer may depend on […]