A high debt-to-income ratio is a common reason lenders deny applications. The good news is that you can lower your DTI.

Applying for a loan can be challenging, particularly if a significant share of your income already goes toward debt. Lenders evaluate your debt-to-income (DTI) ratio to measure repayment capacity, and ...

Your debt-to-income ratio (DTI) is the amount of your debt payments relative to your income. Lenders use this metric to determine whether to approve you for a loan. The lower your DTI, the better your ...