This is why they calculate a debt-to-income ratio to judge how much of your income goes toward debt payments. Of course, the DTI isn't the only criteria a lender will look at, so don't feel too ...

Watch this video to see how to calculate your debt-to-income ratio. Start the day smarter. Get all the news you need in your inbox each morning. Finance company NerdWallet has a free online ...

To calculate your DTI ratio, divide your monthly debt payments by your gross monthly income. While there’s no minimum income requirement for a mortgage, your income does influence your DTI ratio.

When you calculate this ratio ... "I always recommend keeping your total debt-to-income ratio below 36%, which covers home loan payments and other debts," Hendrix said. So, if your monthly ...