If you plan to buy a home or car — or make any purchase that requires a loan — it is essential to have a good debt-to-income ...
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What Is a Good Debt-to-Income Ratio?
Your debt-to-income ratio (DTI) is the amount of your debt payments relative to your income. Lenders use this metric to determine whether to approve you for a loan. The lower your DTI, the better your ...
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