Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Front-End Debt-to-Income Ratio (DTI)

Updated on 2023-08-29T11:57:30.972351Z

Generally, Front-End Debt-to-Income Ratio is used by lenders, and it is alternatively called mortgage-to-income ratio. It is calculated by dividing the monthly mortgage instalment by the monthly income. This ratio assesses the borrower debt servicing commitment relative to the monthly income.