DTI
is the abbreviated for
debt to income ratio
and stands for a percentage of a consumer’s gross income per month that goes to paying off debts.
debt to income ratio
also includes taxes, fees and charges, insurance premiums. In most cases,
debt to income ratio
is divided into two main kinds, they are shown as a pair using the notation x/y (for instance, 30/45).
The first
debt to income ratio
is also known as the front ratio, and shows the percentage of the consumer’s income that you spend to pay your housing expenses. If you rent a home, then it’s the rent amount, if you own a home, then it’s PITI (including mortgage principal and interest, mortgage insurance premium, property taxes, homeowners association fees, hazard insurance premium).