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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.

Tips on How to Negotiate Your Debts

Tips on How to Negotiate Your Debts

First of all, you need to know what your debts and their respective values ​​are. It is common that when a person is going through a difficult time, they become scared or ashamed and stop following their financial situation. However, to negotiate your debts you need to know all its details: what was purchased, what was the amount, the date of purchase, was it in cash or in installments, what is the interest rate charged, are there fines beyond interest,…

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