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…
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When Will The High Cost of Living End?
When Will The High Cost of Living End? Last month we addressed the high costs of rent and mortgage payments, food, transport and petrol expenses we are all grappling with and made a couple of suggestions as to how to manage the expense of breathing. This month, we’ll look at what has caused these costs to rise. This in turn will help us make a…