[ 2 syll. mon-tag, mo-nt-ag ] The baby boy name Montag is pronounced as MAHNT AE G â . Montag's origin is French. Montag is a variant form of the English name Montague.
The debt to credit ratio is the percentage of the total credit you have used up. Installment loans include student, car and home loans based on fixed amounts of money. Your debt to credit ratio is always 100% or 1:1 for these types of loans because you always use the maximum amount available for your expenses.
Keep an eye on DTI. Howard says debt-to-income ratios are an important element in a loan approval. This ratio compares minimum monthly payments on all debt to gross monthly income. If your debt-to-income ratio is over 50 percent, you need to pay off your debt before even thinking of buying a home, Howard says.