Residual Income (50% DTI)
Residual income refers to the funds remaining after covering essential expenses. For example, with a DTI of 50%, an individual would need a minimum income of $7,000 to achieve $3,500 in residual income.
Residual income refers to the funds remaining after covering essential expenses. For example, with a DTI of 50%, an individual would need a minimum income of $7,000 to achieve $3,500 in residual income.