One of the quickest-and most revealing--ways to get a handle on your current financial picture is to calculate your debt-to-income ratio. Lenders look at your debt-to-income ratio when they consider if you are creditworthy. This article will help you answer the following questions:
What is a debt-to-income ratio?
How do I calculate my debt-to-income ratio?
What is an acceptable debt-to-income ratio?
Why is monitoring my debt-to-income ratio important?
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One of the quickest-and most revealing--ways to get a handle on your current financial picture is to calculate your debt-to-income ratio. Lenders look at your debt-to-income ratio when they consider if you are creditworthy. This article will help you answer the following questions: