Your simplest way to explain debt to income ratio.

Question

Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092)

Answers Subscribe to Answers

Sort

Rainmaker
846,475

Marco Giancola

Beachfront Realty - Miami Beach, FL

Realtor (305)608-1922, Miami Beach Florida

My guess is is you have to ask you already spend too much! It's simple and all answered before me.

Oct 29, 2015 07:54 PM

Upvote

2

Michael Jacobs

Pasadena, CA

Rainmaker
4,582,434

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Debt bad.

Income good.

Oct 30, 2015 02:54 AM

Upvote

1

Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

RATIO figuratively:

Debt - what you can suspend between finger and thumb.

Income - what you can grasp with thumb and four opposing fingers.

If the image is balanced, the ratio is out of balance.

Oct 29, 2015 10:31 PM

Upvote

1

Rainmaker
2,759,812

TeamCHI - Complete Home Inspections, Inc.

Complete Home Inspections, Inc. - Brentwood, TN

Home Inspectons - Nashville, TN area - 615.661.029

Good Friday morning Roger. In other words, you owe more than your taking in. – LOL

Oct 29, 2015 06:22 PM

Upvote

1

Rainmaker
1,771,867

Noah Seidenberg

Coldwell Banker - Evanston, IL

Chicagoland and Suburbs (800) 858-7917

Cost Vs what your are taking in should equal a positive cash flow.

Oct 29, 2015 01:13 PM

Upvote

1

Rainmaker
2,817,727

Debbie Gartner

The Flooring Girl - White Plains, NY

The Flooring Girl & Blog Stylist -Dynamo Marketers

How much you owe (or will owe) vs how much you make.

Oct 29, 2015 11:49 AM

Upvote

1

Rainmaker
2,443,250

Evelyn Johnston

Friends & Neighbors Real Estate - Elkhart, IN

The People You Know, Like and Trust!

What you owe compared to what you earn.

Oct 29, 2015 11:32 AM

Upvote

1

Rainmaker
3,988,013

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

If they are turned down they owe too much percentage of their monthly income toward debt they have incurred.

Oct 29, 2015 11:31 AM

Upvote

1

Ambassador
3,742,070

Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

Have them call George Souto or Joe Petrowsky, or maybe you can email them for a link to the brilliant posts they wrote about it.

Oct 29, 2015 11:17 AM

Upvote

1

Back to Top

My guess is is you have to ask you already spend too much! It's simple and all answered before me.
RATIO figuratively:

Debt - what you can suspend between finger and thumb.

Income - what you can grasp with thumb and four opposing fingers.

If the image is balanced, the ratio is out of balance.
Good Friday morning Roger. In other words, you owe more than your taking in. – LOL
Cost Vs what your are taking in should equal a positive cash flow.
If they are turned down they owe too much percentage of their monthly income toward debt they have incurred.
Have them call George Souto or Joe Petrowsky, or maybe you can email them for a link to the brilliant posts they wrote about it.