All locations will be closed beginning at 1:00 p.m. on Wednesday, December 24 through Thursday, December 25, in observance of Christmas. Have a wonderful holiday!

Debt-to-Income (DTI) Ratio

Definition

The percentage of a consumer’s monthly gross income that goes toward paying debts. Generally, the higher the ratio, the higher the perceived risk. Loans with higher risk are generally priced at a higher interest rate.