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DTI or Debt to Income ratio is one sure way to analyze your financial health. Debt to Income ratio is calculated by dividing your monthly non-mortgage payments by your gross monthly income.

So for example a person making a gross income of $4000 and making $500 payments on credit cards and loans has a debt to income ratio of 12% ($500/$4000 = .12).

Although this is the standard way to calculate the debt to income ratio, many lenders usually have this formula tweaked a little bit. A debt to income ratio of 10% or less is excellent and a debt to income ratio greater than 20% is generally considered a risk.

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