The ratio, expressed as a percentage, which results when a borrower’s monthly payment obligation on long-term debts is divided by his or her gross monthly income.
« Back to Glossary IndexDebt-to-Income Ratio
« Back to Glossary Index
The ratio, expressed as a percentage, which results when a borrower’s monthly payment obligation on long-term debts is divided by his or her gross monthly income.
« Back to Glossary Index