auto vehicle figured in DTI?
Posted 08 August 2012 - 05:23 PM
Posted 09 August 2012 - 07:01 AM
electric , cable , etc isnt included..thats the reason for the DTI numbers..the 'other' part of the equation is for normal living
they include anything that is on your credit report for sure and off the top of my head i cant think of what else 'off' your report they would include.
Posted 15 August 2012 - 08:00 PM
If you have a vehicle that will be paid off in about 4 months is that still counted in your DTI? The payment doesnt bother or hurt us, our DTI ratio is like 6% but we have 4 vehicles financed because we have for our daughter in our name, but one of ours will be paid off about 2 months after we apply for the loan. How you do you figure front and back end ratio? Can somenoe point me to a calculator? Do I include utilities, cell bills, satellite, internet etc.
For a calculator, you may find the following website useful:
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