Feb 28 (edited) • 🗣️General Chat🗣️
Debt to income
Your income isn't the only thing lenders look at — they care about your debt-to-income ratio (DTI) just as much.
• What is DTI? It's the percentage of your monthly income that goes toward debt payments. Lenders use it to decide if you can handle more credit.
• The magic number? Most lenders want to see a DTI under 30%. Preferably 10%, Above 40% and you'll have a hard time getting approved for anything.
• How to lower it: Pay down existing balances, avoid taking on new debt, and look for ways to increase your income — even a side hustle helps.
Understanding your DTI is one of the first things we tackle with our clients. If you want a full breakdown of where you stand and a plan to improve it, check out our paid package — we'll map it all out for you.
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Debt to income
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