Obviously, your income should exceed your debt, but financial stability is best regulated by a max debt-to-income ratio of what?
Answer 43% or less
If you make $5,000 a month, but your debt is half that, you're unlikely to qualify for a mortgage. DTI accounts for a consumer's monthly gross income that goes toward paying off debt. Your DTI should be 43% tops if you want to qualify for a mortgage.
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