debt to income ratio?

how EXACTLY would my personal ratio be calculated? what is and is not considered debt? would my current property taxes be considered and if i am tring to do a deal on my own would my wife’s income and/or debt be included…? thanks ,justin

You already partially answered your own question.

Debt to income. Divide the two.

A widely used measure of financial stability, your debt-to-income ratio is calculated by dividing monthly minimum debt payments by monthly gross income.

Some lenders allow up to 50% -55% DTI.

Fannie Mae and Freddie Mac ususally like to see 28%-42% DTI… but other factors may allow higher DTI ratios.

Some lenders have a program called “no ratio” and eliminate your debt ratio all together.

Consult a mortgage professional. Do not try and work up your own debt to income ratio. Lenders do not take your calculations in consideration.