It is unclear to me what exactly is counted into “debt” in the debt to income ratio. My understanding was debt like credit card debt, student loan debt, car payments etc. But I’m being told that it includes any expense that I will carry into the Coast Guard like car insurance, phone bill, utilities, rent, etc. I have a wife so there would be BAH and I’m told that also affects the debt to income ratio. But if we calculate rent payments as a debt that already blows the ratio up.
Does anyone have a clear understanding of how debt to income is calculated?