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Understanding Debt-to-Income Ratio: How It Affects Your Loan Approval

Overview When applying for a loan, whether it’s a mortgage, car loan, or personal loan, lenders assess various factors to determine your creditworthiness. One of the most significant metrics they consider is your Debt-to-Income (DTI) ratio. This critical financial indicator plays a vital role in loan approval and can significantly impact the terms you receive. […]

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