What is a good debt-to-income ratio for a mortgage?

Fox Money, a personal finance hub, provides content generated by Credible Operations, Inc., which is indirectly owned by Fox Corporation. Lenders assess various financial data points, including the debt-to-income ratio (DTI), to determine mortgage eligibility. DTI compares total monthly debt payments to gross income, expressed as a percentage. A lower DTI is preferable for mortgage approval, with guidelines varying by loan type. Strategies to improve DTI include paying down debts, increasing income, and consolidating loans.