How to calculate your debt-to-income ratio, and why it matters
DTI is your monthly debt divided by your gross monthly income. Here’s what to know.
Katie Lowery is an editor on the Loans and Home Lending teams, where she shapes content to help people navigate borrowing money, personal finance and overall financial health. She’s passionate about financial literacy and strives to help consumers make informed decisions with their money.
Before joining Bankrate, Katie edited personal finance content at LendingTree and CNN Underscored Money. She has spent more than a decade editing financial and economic content and was the sole editor of several award-winning books. When she’s not exploring the latest lending trends, Katie enjoys knitting, tending to her growing plant collection and traveling with her family. She currently lives outside Austin, Texas.
Borrowing money and managing debt can feel overwhelming, but if you have an understanding of the process and a clear goal in mind, your money can work for you. A great first step is to check your credit score and reports, then focus on improving your credit profile so you’re well positioned to borrow at an affordable rate.
DTI is your monthly debt divided by your gross monthly income. Here’s what to know.
If you are in default on federal loans, your 2025 tax refund could be seized.
Three auto finance experts discuss the uncertain present and future of the market.
If you go the DIY route, you can change the look of your home on a budget.
When the economy feels out of control, stay in control of your money with these tips.
USAA and Navy Federal both serve military service members and vets with low rates.
Travel costs are going up, but more people want to go on trips. Are vacation loans the way to pay for travels?
Hardwood floors have one of the best returns on investment — and a high cost.
We appreciate your feedback
Thank you for taking the time to share your experience.