Debt-to-income ratio is your monthly debt obligations compared to your gross monthly income, expressed as a percentage. It is generally agreed that a good debt-to-income ratio is less than or equal to 36%, whereas a debt-to-income ratio above 43% is considered to be too much debt. Focus on reducing your existing debt as much as possible before purchasing a home, as your debt-to-income ratio has an impact on how much you can borrow. #realestate #realestateagent #listreports #buying #selling #realestateexpert #homeowner #dreamhome #homeownership #homebuying #homesearch #buyingahome #financehub