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    Maybe you’ve heard the expert advice that your debt to income ratio shouldn’t be more than 36 percent of your total income. But do you truly know what that means, and how lenders will look at your financial history in order to decide whether or not to extend you a mortgage? If you need help figuring out your debt to income ratio, simply follow the guidelines below and soon you’ll know whether or not you’re
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    Your debt to income ratio is the amount of monthly debt you pay out in contrast to how much income you have coming in. Start by figuring the easy part—your income. If you are on a structured paycheck, then it will be easy—simply calculate your monthly salary. If you work on a

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