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Month: March 2020

Maximum debt ratio: do your calculations!

Maximum debt ratio: do your calculations!

When building your mortgage, the bank or the lending institution will tell you a number of conditions to be met in order to obtain your funds and carry out your real estate purchase project. Among these conditions, there is what is called the “maximum debt ratio”, a rate calculated according to your income and your monthly expenses and intended to determine how much you can repay each month without taking the risk of fall into debt. Let us see more precisely what corresponds and how the mortgage loan debt rate is calculated.