How Will The New Debt To Income Ratios Work? What is Debt To Income Ration (DTI)? We’re about to get very familiar with a new acronym in lending – DTI’s. Those jumble of letters represent the debt-to-income ratio Banks will use when assessing a borrowers application for finance. This creature is the new macro prudential tool of the Reserve Bank. The Central Bank has long…
Posts Taggedfinance
Reasons To Be Optimistic About The Markets In 2024
Reasons To Be Optimistic About The Markets In 2024 A year ago, I wrote on the topics below with the same optimism I’ve written about in this article. Suffice to say, it seems I was a little early in my optimism for 2023! To be honest, everything we thought would play out, did play out, it just went a little slower than expected. These key…
Is a Recession a Bad Time to Invest?
Is a Recession a Bad Time to Invest? Is there light at the end of the tunnel during a recession? In the wake of Covid-19 and the responses of governments worldwide, investors have been concerned about inflation and higher interest rates. Higher interest rates make it more expensive to borrow money, reducing the amount people are willing to pay for assets, such as shares, bonds…
What’s The Difference Between A Mortgage Broker Versus A Bank
What’s The Difference Between A Mortgage Broker Versus A Bank When it comes to obtaining a mortgage, you have two main options – working with a mortgage broker or a major bank. Although both options have their advantages, opting for a mortgage broker could provide a range of benefits that make it the better choice for many borrowers, whether you are purchasing your own home…
What To Look Out For When Building a New Home
What To Look Out For When Building a New Home I thought we would take a look at the considerations when looking to buy and build a new home. It can be complicated but is a popular option for many. The ability to choose your land, your plans and how to make it all perfect to your requirements and brand sparkly new is exciting and…