Money management

Debt-to-income ratio: how to calculate your DTI

The debt-to-income ratio (DTI) divides the total of all monthly debt payments by the gross monthly income, which gives you a percentage. Here’s what you need to know: Lenders use the DTI – along with credit history – to assess whether a borrower can repay a loan. Each lender sets …

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Square now offers loans to buyers

Imagine you had to buy a personalized car part and wanted to spread the payment over several months. But you don’t have a credit card. If you shop at Fly1 Motorsports in Southern California, now you have another option: an installment loan from Square. Today, the well-known payment company announced …

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Mortgage Calculator: How Much Can I Borrow?

How to calculate your mortgage qualification What is behind the numbers in our “How Much Can I Borrow?” mortgage calculator When buying a house, the question “How much can I borrow?” should be the second question you ask. The most important consideration is: “How many houses can I afford?“That’s because, …

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