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  Debt-To-Income Ratio Definition
Debt-To-Income Ratio When you take your monthly expenses and obligations of your long-term debts and divide them by your gross monthly income, the result is your debt-to-income ratio. This equation is what lenders use to determine whether or not you can afford the loan you are applying for. Generally, lenders prefer that your debt-to-income ration be between 30 and 40 percent.

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