Debt-to-income Ratio,
What Does Debt-to-income Ratio Mean?
You can define Debt-to-income Ratio as, From debt to income, the total amount of your monthly debt (mortgage, credit card debt, student loans, and what you owe each month) is divided by your monthly income before tax.
The ratio of monthly liabilities to the cost of the house divided by the borrower's total monthly income.
Literal Meanings of Debt-to-income Ratio
Debt:
Meanings of Debt:
Some, usually money, loans or debts.
Synonyms of Debt
account, money owing, financial obligation, outstanding payment, tally, bill, amount due
To:
Meanings of To:
Towards Express Movement
Proximity or limit (certain conditions)
Identify the person or thing in question.
It shows that two things are connected.
Anxious or potentially annoying (something, especially a summary)
Used to add another item to the competition.
Closer or closer
It is used with the basic form of the verb to indicate that the verb is ineffective.
When the disappearance of a verb is clearly understood, it is used without following the verb.
Sentences of To
Going out in the mall
Christopher's expression turned from surprise to joy.
You are very moderate about it
Married cousin John
He left his motorcycle tied to the fence
This is nothing compared to before
The door slammed behind him
Synonyms of To
toward, secured, tight, so as to approach, firmly fixed, in the direction of, fastened, to, secure, so as to near
Income:
Meanings of Income:
The work you do regularly or invest.
Sentences of Income
Have a good house and a decent income
Synonyms of Income
emolument, remuneration, pay, earnings, stipend, wages, salary
Ratio:
Meanings of Ratio:
A quantitative relationship between two quantities that indicates how many times one value is included or whether another quantity is included.
Sentences of Ratio
The male to female employment ratio is 8 to 1
Synonyms of Ratio
correlation, comparative extent, relationship, comparative number, quantitative relation, correspondence, proportion, balance
Debt-to-income Ratio,
Definition of Debt-to-income Ratio:
The debt-to-income ratio is the sum of your total monthly obligations (mortgage, credit card debt, student loans, and any other amount you owe each month) that you earn in taxes each month.
The ratio of monthly expenses to consumer expenses divided by the borrower's monthly income.
Literal Meanings of Debt-to-income Ratio
Debt:
Meanings of Debt:
Amount owed or amount owed.
Synonyms of Debt
charges, dues, check, score, tab, debits, arrears
To:
Meanings of To:
Perspective or scope (special circumstances).
Debt is taken into account before entry.
Used to indicate with the root form of the verb that the verb is infinite.
So off or almost off.
Sentences of To
You are very rude to him.
Income:
Sentences of Income
Have a good home and a decent income.
Synonyms of Income
incomings, takings, gains, yield, money received, proceeds, receipts, dividend, profits, means, take, revenue, turnover
Ratio:
Meanings of Ratio:
The quantitative relationship between two quantities indicates how many times one value contains or contains another.
Synonyms of Ratio
quotient, comparative number/extent, fraction, percentage
