What is my
debt-to-limit ratio used for?
Lenders use your DTI ratio to evaluate your current debt load and to
see how much you can responsibly afford to borrow. Less debt equals
more borrowing power.
Should I use my current or future housing costs in
If you are in the process of buying a home, you should enter your
estimated housing costs. This includes your new mortgage, property
taxes and fees. Mortgage lenders use DTI ratios to make sure that
you'll not be over-extended with your new loan.
If you are not buying a home, you should use your current housing
costs for the calculation.
Should I enter my credit card minimum payments or the
amount I really pay each month?
Enter only the minimum credit card payments you are required to pay
What goes under "other debts?"
Include home equity loans, judgments and any other monthly debts you
Please complete the form on the left.