Here's Why Your Debt-to-Income Ratio Matters

Posted from: http://www.zillow.com/blog/why-dti-matters-199541/

Home shoppers eager to qualify for a mortgage could get turned down because of a number they’ve never heard of: their debt-to-income ratio (DTI).

If you’re a bit hazy on DTI, you’re in good company. According to Fannie Mae’s Economic & Strategic Research (ESR) Group, more than half of consumers surveyed weren’t sure what it is either.

And, in this case, what t…