DTI

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DTI

abbreviation for DEPARTMENT OF TRADE AND INDUSTRY.
Collins Dictionary of Law © W.J. Stewart, 2006
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For example, if you have debt repayments totalling PS100, and your monthly income (after tax) is PS1,000, your debt-to-income ratio is 10%.
The debt-to-income ratio is a percentage telling lenders how much money you spend versus how much money you have coming into your household.
The report determined affordability for average wage earners by calculating the amount of income needed to make monthly house payments including mortgage, property taxes and insurance on a median-priced home, assuming a 3 percent down payment and a 28 percent maximum "front-end" debt-to-income ratio. For instance, the nationwide median home price of $237,500 in the first quarter of 2019 would require an annual gross income of $66,336 for a buyer putting 3 percent down and not exceeding the recommended "front-end" debt-to-income ratio of 28 percent meaning the buyer would not be spending more than 28 percent of his or her income on the house payment, including mortgage, property taxes and insurance.
The debt-to-income ratio for millennia's is likely to show continued improving numbers for 2017 given the economic expansion, she said.
In examining debt-to-income, researchers found that "83% of residents have a high-risk debt-to-income ratio [greater than 0.4]," the authors wrote.
The bank should add a 0.25 percentage points commission rate for customers whose debt-to-income ratio surpasses 250 percent, and 0.5 percentage points if it is higher than 350 percent.
In the eighth test the non-white tester had a lower income, but also a lower debt-to-income ratio.
As of June 2016, the average consumer debt-to-income ratio in Canada was 167.63%.
This is expected to push up the unsecured debt-to-income ratio to 46 per cent, from 39 per cent currently.
If you look just at Fannie and Freddie, which account for a little more than half of the government-guaranteed home purchase loans these days, lending standards are pretty high overall: in 2015, the median borrower had a credit score of 758; the median debt-to-income ratio was 35%, which is a fair bit below the 43% limit in the Qualified Mortgage (QM) rules; and the median borrower put 15% down.
The back-end ratio referred to as the debt-to-income ratio calculates the gross income percentage which covers your debts, including mortgage, credit cards, child support and other loan payments, including how much cash you will be able to accumulate for a down payment.
Federal regulations had lowered the debt-to-income ratio go 43 percent and dropped the FHA loan limit below the average home price at Encore, which was about $450,000.