How To Calculate Debt To Income Ratio (DTI) For First Time Home Buyers

When first buying a home, one of the main things ALL mortgage lenders look out for is if you have a good debt to income ratio. But all this DTI talk can make people confused and complicate the process, well here's a simple breakdown of how to calculate debt to income ratio and what it means... #realestate #realtor #debttoincomeratio #dti #mortgage #lender #mortgageapproval Home Buyer Tools: ✅Get connected with an AGENT in your city → https://homeandmoney.com/nicole/ ✅Start your home loan application → https://homewayar.com/loan Work with Nicole in Arkansas: 🏠 View AR Homes For Sale → https://listings.narkhomes.com/i/arka... 📩 Contact Nicole → https://narkhomes.com/contact/ Other stuff that's cool: 💡 Support My Small Business → https://www.amazon.com/kvnbrands 🛒 Shop My Camera Gear → https://bit.ly/NicoleGear (As an Amazon Associate I earn from qualifying purchases) Social Media Links: 📱 Instagram →   / nicolenark   📱 TikTok →   / nicole_nark   📱 Facebook →   / nicolenarkrealtor   Chapters: 00:00 - Intro 00:47 - How to calculate debt to income ratio? 01:03 - Why is it important? 01:27 - What ratio do lenders want? 01:50 - The breakdown 02:00 - What's included as debt? 06:39 - What's included as an income source? 08:09 - Example 1 13:15 - Example 2 18:04 - How to use an online mortgage calculator? 21:58 - Outro — DISCLAIMER — Nicole Nark is a licensed Realtor and the Principal Broker (PB00083374) of HomeWay Realty. HomeWay Realty is not a lender, does not issue loan qualifications, and does not extend credit of any kind. The topics discussed, and ideas presented are Nicole Nark's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.