what does it mean?
if dti is 391%?
is that good or bad?pls explain ty
2007-09-15 16:32:39 · 2 answers · asked by >>mr.GIG<< 3 in Business & Finance ➔ Personal Finance
Usually dti refers to the "monthly payments towards debt" over the "monthly income". If your dti is 391 percent, that means the amount you are supposed to pay on debt monthly is about 4 times what you make in a month. That's not good. In fact, its very, very bad. Stop borrowing.
2007-09-15 17:01:53 · answer #1 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
Do you mean 39.1% ? DTI is the amount of money you owe divided by the amount of money you make. For example
You owe $900 a month in payments/debt and you make $2900. this means your DTI is 31.03%
Hope this helps,
Leo Namiot
Benchmark Mortgage - Connecticut
http://www.BenchmarkCT.com
2007-09-16 02:24:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋