@whatsamortgage

[SAVE THIS POST!!] The one cheat sheet you NEED to save! ☝🏼 THE DTI CHEAT SHEET!⁠ ⁠ Your Debt-to-Income Ratio (DTI) is a way to measure an individual's ability to manage monthly payments and repay debt.⁠ ⁠ DTI is calculated by dividing total recurring monthly debt by the gross monthly income and it is expressed as a percentage.⁠ ⁠ EXAMPLE: 45% (front end)/ 55% (back end) = DTI⁠ ⁠ If a homeowner has a mortgage, the front end DTI ratio is usually calculated as housing expenses (such as mortgage payments, mortgage insurance, etc.) divided by gross income. ⁠ ⁠ A back end DTI is usually the percentage of gross income going toward other types of debt such as credit cards or car loans.⁠ Knowing how to calculate your DTI is one of the best ways to figure out your mortgage payment budget! # justsold #investingtips #investing101 #makemoremoney #housingmarket #mortgages #homebuyingtips #propertyinvestor #realtorslife #sellinghouses #newsupdate #mortgagebrokers #moneysavingtips #investinyourfuture #buildingwealth #helpfultips #entreprenuermindset #financialplanner #lending #realestatestyle #propertymarket #financialservices #sandiegorealestate #realestateadvice #wealthmindset #mortgagebroker #justsold

[SAVE THIS POST!!] The one cheat sheet you NEED to save! ☝🏼 THE DTI CHEAT SHEET!⁠ ⁠ Your Debt-to-Income Ratio (DTI) is a way to measure an individual's ability to manage monthly payments and repay debt.⁠ ⁠ DTI is calculated by dividing total recurring monthly debt by the gross monthly income and it is expressed as a percentage.⁠ ⁠ EXAMPLE: 45% (front end)/ 55% (back end) = DTI⁠ ⁠ If a homeowner has a mortgage, the front end DTI ratio is usually calculated as housing expenses (such as mortgage payments, mortgage insurance, etc.) divided by gross income. ⁠ ⁠ A back end DTI is usually the percentage of gross income going toward other types of debt such as credit cards or car loans.⁠ Knowing how to calculate your DTI is one of the best ways to figure out your mortgage payment budget! #investingtips #investing101 #makemoremoney #housingmarket #mortgages #homebuyingtips #propertyinvestor #realtorslife #sellinghouses #newsupdate #mortgagebrokers #moneysavingtips #investinyourfuture #buildingwealth #helpfultips #entreprenuermindset #financialplanner #lending #realestatestyle #propertymarket #financialservices #sandiegorealestate #realestateadvice #wealthmindset #mortgagebroker #justsold

[SAVE THIS POST!!] The one cheat sheet you NEED to have! ☝🏼 THE DTI CHEAT SHEET!⁠ ⁠ Your Debt-to-Income Ratio (DTI) is a way to measure an individual's ability to manage monthly payments and repay debt.⁠ ⁠ DTI is calculated by dividing total recurring monthly debt by the gross monthly income and it is expressed as a percentage.⁠ ⁠ EXAMPLE: 45% (front end)/ 55% (back end) = DTI⁠ ⁠ If a homeowner has a mortgage, the front end DTI ratio is usually calculated as housing expenses (such as mortgage payments, mortgage insurance, etc.) divided by gross income. ⁠ ⁠ A back end DTI is usually the percentage of gross income going toward other types of debt such as credit cards or car loans.⁠ Knowing how to calculate your DTI is one of the best ways to figure out your mortgage payment budget! #justsold #investingtips #investing101 #makemoremoney #housingmarket #mortgages #homebuyingtips #propertyinvestor #realtorslife #sellinghouses #newsupdate #mortgagebrokers #moneysavingtips #investinyourfuture #buildingwealth #helpfultips #entreprenuermindset #financialplanner #lending #realestatestyle #propertymarket #financialservices #sandiegorealestate #realestateadvice #wealthmindset #mortgagebroker #justsold