Difference between revisions of "FM SFLP.Debt-To-Income"
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== Definition == | == Definition == | ||
| − | <b>Debt-To-Income</b>: DTI | + | <b>Debt-To-Income</b>: DTI is the [[Debt to Income Ratio | ratio]] obtained by dividing the total monthly debt expense by the total monthly income of the [[Borrower]] at the time the [[Mortgage Loan]] was originated. |
== Notes == | == Notes == | ||
| − | For values outside the allowable range, or if unknown, or if the mortgage loan is a HARP refinance, this value will be blank. | + | * For values outside the allowable range, or if unknown, or if the mortgage loan is a HARP refinance, this value will be blank. |
| − | + | * The field belongs to the [[FM SFLP Template]] | |
| − | The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
Revision as of 17:45, 16 May 2024
Definition
Debt-To-Income: DTI is the ratio obtained by dividing the total monthly debt expense by the total monthly income of the Borrower at the time the Mortgage Loan was originated.
Notes
- For values outside the allowable range, or if unknown, or if the mortgage loan is a HARP refinance, this value will be blank.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 23
- Column Label: DTI
- Data Type: NUMERIC
- Data Maximum Length: 9(2)
See Also
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
