Debt-to-income ratios (DTIs) proved to be the top answer that credit-risk managers at financial institutions across the country cited when declining to fund a loan request, according to a new survey by credit-score giant FICO. Nearly 60 percent of risk managers in the FICO study rated excessive DTIs as their No. 1 concern factor — five times the percentage who picked the next biggest turnoff. So if you’re in the market for a mortgage, work on your debt-to-come ratio to boost your chances of qualifying.
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