What is debt-to-income ratio and how does it affect you? You don't need a finance degree to have money smarts. Understanding a few simple terms can help you lead your best financial life. One of those ...

To calculate your debt-to-income ratio, add up your monthly debt payments and divide this figure by your gross monthly income. While every lender and product will have different ranges, a DTI of 50 ...

Your debt-to-income ratio is an important financial number to know. Not only can it affect what loans and other financial products you qualify for, but it can influence your interest rate — or what ...

A debt consolidation loan can help simplify your finances and potentially lower your monthly bills if you’re struggling to manage debt. But what if your debt-to-income (DTI) ratio is already high? Is ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

A house for sale sits earlier this summer in Vancouver. Mortgages account for the bulk of household debt nationally, according to federal data. (Taylor Balkom/The Columbian files) Do you still have a ...

Margin debt can be a strategic tool for wealth building, similar to traditional debt, if used responsibly and with proper safety buffers. Suggested rules include having a solid financial foundation, ...

Mortgage balances rose to $12.8 trillion, according to the Household Debt and Credit Report from the New York Fed, based on Equifax credit report data. Balances of Home Equity Lines of Credit rose by ...