Real Estate In Sunriver
RSS Feed
16
Dakota Johnson Finds a Buyer for Her Los Angeles House
Image Caption: The vintage-inspired kitchen in Ms. Johnson’s house was the setting for a widely shared video involving a bowl of limes.
16
An Architect Opts for ‘Optimistic Modernism’ in Her Silver Lake Kitchen
Image Caption: The architect Barbara Bestor at home.
15
In New Luxury Kitchens, Everything Is Hidden
13
Sunriver Real Estate Market Update Oct 2023
A lot is happening in the market right now. Call me to discuss 541-815-0906Â
30
Debt-to-Income Calculation
Debt-to-Income Calculation
If you are considering purchasing a home soon, you need to be familiar with your debt-to-income calculation. Understanding this simple math formula could mean the difference between getting approved or getting denied for a home loan.
The discussion below will explain how to calculate this ratio and how it is used by mortgage lenders to approve people to buy a home.
The debt-to-income ratio, also called the DTI ratio by the mortgage industry, is a comparison between how much money people are making versus how much is being spent on debt.
The formula looks like this:
              Total monthly debt payments ÷ monthly income = DTI
Here is a simple example that will explain how the math works.
Shawn and Linda have been married for 3 yea...