home loan types

what is dti ratio

What is Loan to Value Ratio and How to Calculate Yours Easily

It’s the third and final installment of banking terms and definitions, y’all! I’m proud of you for sticking with me through some (let’s face it) pretty boring stuff. Personal finance isn’t very exciting, but by understanding important banking terms such as Loan to Value Ratio, DTI Ratio, and Credit Utilization, you will be a few …

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what is dti ratio
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DTI Ratio for Conventional Loan {Calculating Debt to Income}

Today I’m explaining a bit about the differences between the DTI ratio for conventional loan (or debt to income ratio) vs other home loan types and why it’s important when buying a house. The definition of debt to income ratio is simply debt divided by income. But it’s a little more complicated than that when calculating. Let …

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