How To Guide For: Understanding The Importance Of Debt-to-Income Ratio

Debt-to-Income Ratio is the percentage of a consumer's monthly gross income that goes toward paying debts. Debt-to-Income Ratio also covers principal, taxes, fees and insurance premiums. Debt-to-Income Ratio is very vital when calculating your mortgage payments, rent payments, student loan payments and credit card payments. To learn more about the importance of Debt-to-Income Ration --click the pictures below to read the articles.