household debt ratio

What is the household debt ratio?

Financial institutions consider many indicators about the borrower before granting a mortgage loan. The debt ratio is one of these elements. It is one of the most important criteria for obtaining a mortgage. Discover the debt ratio with your mortgage broker and learn how to calculate it. Definition of the debt ratio The creditworthiness of […]

Debt consolidation

Sometimes, the total of your monthly payments may become overwhelming: Are you having trouble making ends meet? Are multiple debts costing you too much every month? Are creditors charging you too much interest? If you can identify to one of these situations and you own your home, it may be a good idea for you […]

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