Posted on: 26th Jan, 2009 05:53 pm
i need to learn about a debt to loan ratio
Hi Guest!
Welcome to forums!
Are you speaking of debt to income ratio? Debt to income ratio is also known as DTI. It is the percentage of any consumer's monthly gross income which is used towards paying debts. It includes taxes, fees, as well as insurance premiums also. As far as I know, for conventional loans, the DTI is 28/3 and for FHA loans, it is 31/43. For VA lonas, the DTI required is 41.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
Are you speaking of debt to income ratio? Debt to income ratio is also known as DTI. It is the percentage of any consumer's monthly gross income which is used towards paying debts. It includes taxes, fees, as well as insurance premiums also. As far as I know, for conventional loans, the DTI is 28/3 and for FHA loans, it is 31/43. For VA lonas, the DTI required is 41.
Feel free to ask if you have further queries.
Sussane