võlglaenukasumisuhe
Võlglaenukasumisuhe, often translated as Debt-to-Income Ratio (DTI), is a financial metric used to assess an individual's ability to manage monthly payments and repay debts. It compares an individual's total monthly debt payments to their gross monthly income. The formula for calculating DTI is: Total Monthly Debt Payments / Gross Monthly Income = DTI. Lenders commonly use DTI to evaluate loan applications, particularly for mortgages, personal loans, and credit cards.
A lower DTI generally indicates a healthier financial situation, suggesting that an individual has more disposable
Understanding and managing one's DTI is crucial for financial planning. It can help individuals gauge how much