Welcome to CreditBoards!
- Start new topics and reply to others
- Subscribe to topics to get email updates
- Get your own profile page and make new friends
- Send personal messages to other members.
Debt to Income ratio. Whats a good number
Posted 18 December 2011 - 10:51 AM
I would like to know what is a healthy ratio number for household and also small business.
Obviously 1 is good. Is there perhaps a 'chart of philosophy' on say once you cross the 3 threshold, the 10 threshold etc...
Posted 18 December 2011 - 12:12 PM
Posted 20 December 2011 - 12:58 PM
My Debt to Income is around .11. That alone doesn't tell a user of that number hardly anything. The only debt I have is the balance of my student loans.
My buddy and his wife have a DTI ratio of about 4.0. On the surface, my DTI looks much healthier than his. What the DTI ratio doesn't reflect is that his debt consists of a $400,000 mortgage on his home, in which he has about $200k in equity.
Posted 24 December 2011 - 03:52 PM
our DTI is 6.5% I consider that healthy.
I'd consider that really healthy the way the world is these days. Hope you get on well
0 user(s) are browsing this forum
0 members, 0 guests, 0 anonymous users