How to Solve Ratio Word Problems

Solving Ratio Problems Involving Totals

Debt-to-Capital Ratio: Definition, Formula, and Example

What Is a Debt-to-Income Ratio (DTI)?

Calculating your debt-to-income ratio is an important step when applying for a mortgage. Here's a step-by-step guide on how to calculate it: Step 1: Gather your financial information Collect all the necessary financial information, including your monthly income and your monthly debt payments. Make sure to include all sources of income and all types of debts. Step 2: Calculate your monthly income Add up all your sources of monthly income. Include your salary, wages, bonuses, commissions, rental i