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karenll99
karenll99 karenll99
  • 13-01-2017
  • Business
Answered

What is the best explanation of "debt-to-income" ratio?

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eththomas21
eththomas21 eththomas21
  • 13-01-2017

A low debt-to-income ratio demonstrates a good balance between debt and income. Lenders like the number to be low because, according to studies of mortgage loans, borrowers with a lower debt-to-income ratio are more likely to successfully manage monthly debt payments.

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21TOMMY12
21TOMMY12 21TOMMY12
  • 13-01-2017

a low debt to income ratio is a good balance in debt income and a high debt income ain't very good and is hard to live off of

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