Small businesses in Michigan were recently awarded grants through the Michigan Economic Development Corporation (MEDC)’s Small Business Support Hub program, which has 27 branches throughout the state ...
Your gross monthly income is $5,000. When we divide 1,000 (your debt) by 5,000 (your gross income), we get 0.2, which is 20%. So in this case, your DTI is 20%. If you're worried that your high DTI ...