The concept of Debt to income ratio

[Augusta]

To pull through buying a house with a mortgage or with lenders your debt to income ratio needs to be low. So DTI stands for Debt-to-income ratio is the percentage of your gross income that is used to payoff debt and it's interest monthly

So lenders will want to see your
DTI ratio to know if a borrower can afford to add the burden of a mortgage payment to debts already on ground, the rule is that debt-to-income ratio, should not exceed a borrower 43% of gross income. any borrower DTI exceeding this Percentage will finds it difficult to get a mortgage.

You can reduce DTI ratio to meet the requirements for a mortgage by boosting your earnings.

 

[Ganibade]

DTI (Debt-to-Income) ratio is the percentage of your gross income that is used to pay off debt and its interest monthly. Lenders use this ratio to determine if a borrower can afford to add the burden of a mortgage payment to their existing debts. The rule is that the DTI ratio should not exceed 43% of gross income, and any borrower with a DTI exceeding this percentage will find it difficult to get a mortgage. To reduce the DTI ratio to meet the requirements for a mortgage, borrowers can boost their earnings. This can be achieved by increasing their income through a side hustle or asking for a raise, paying off debts, avoiding taking on new debt, and creating a budget to save money.
https://www.bankrate.com/mortgages/why-debt-to-income-matters-in-mortgages/