When you apply for a mortgage, the loan officer will compare your total debt to your total income to decide if you qualify for the loan. This comparison is called the debt-to-income ratio. A ratio compares two quantities that are measured with the same unit. If we compare and , the ratio is written as
Introductory Algebra by Izabela Mazur is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.