Sentences with phrase «new higher debt ratio»

After a couple months my credit scored dropped back to 786 because of the new higher debt ratio but I don't care because it will go backup when I'm done with THEIR money.

Not exact matches

It might be less sustainable if the debt / GDP ratio was already considered high and if a new fiscal mess is reasonably anticipated.

While Australia is certainly in the top quartile of countries ranked by the net foreign debt to GDP ratio, it is not the highest — New Zealand, Sweden and Canada are higher.

Equally remarkably, when Harold Macmillan as new prime minister in July 1957 told the British people that they had «never had it so good», the size of the government debt at that time was 120 % of GDP, far far higher than the debt ratio of about 70 % in 2010 when Gordon Brown was accused of mortgaging Britain's future by profligacy.

There are other examples not specifically mentioned here such as a monthly housing payment being low by comparison to the borrowers» monthly income or a high debt to income ratio might be allowed if a house with a mortgage against it is pending sale but won't close prior to the need for the new mortgage.

They turned me down because my debt to income ratio was high, and I had only been at my new job for a few months.

To qualify for a mortgage under the new rules, borrowers will generally need a total debt - to - income ratio no higher than 43 %.

You may not be able to get new credit or loan if your debt to income ratio is too high.

June, 2012: Another round of rule changes introduced a stress test reducing the maximum amortization period down to 25 years for high - ratio insured mortgages; a maximum debt load of 44 per cent of income on all mortgages regardless of loan to value; a new maximum loan to value of 80 per cent for refinances; limiting government - backed insured high - ratio mortgages to homes valued at less than $ 1 - million and and creating a maximum 65 % loan to value on lines of credit unless combined with a mortgage component.

High debt leads to a high risk of insolvency, and it would appear that this is why the government is implementing these new rules: they want to make it more difficult to get a high ratio mortgHigh debt leads to a high risk of insolvency, and it would appear that this is why the government is implementing these new rules: they want to make it more difficult to get a high ratio mortghigh risk of insolvency, and it would appear that this is why the government is implementing these new rules: they want to make it more difficult to get a high ratio mortghigh ratio mortgage.

Let's say your preferred allocation is 80:20 (equity: debt), markets reach new highs and your equity unrealized gains may soar, this may result in higher % of equity investments corpus in your portfolio, so you may have to book some profits and move the monies to debt category, to maintain 80:20 ratio.

«A 50 percent debt - to - income ratio is the new high - water mark,» Pataky said.

If your debt - income ratio is too high, it may be difficult for you to be able to secure a fresh loan or new credit cards at affordable rates.

This is because your new debt affects his or her credit utilization ratio (used credit vs. allowed credit), so if you're asking your cosigner to vouch for you for a large sum (i.e. a student loan), then his or her debt - to - income ratio may become too high.

But a «no» from one issuer doesn't necessarily mean you can't get a card from another, even if you're new to credit and your debt - to - limit ratio is high.

Instead of applying for new cards, you should concentrate more on paying down any outstanding debts since lenders don't like it when your debt - to - income ratio is too high.

The new handbook explains how mortgage underwriters should handle borrowers who have a combination of (A) relatively low credit scores, and (B) relatively high debt ratios.

A 2014 Brookings paper notes that credit scores for young households without student debt are higher than indebted households — a relatively new phenomenon over the past decade.37 And a 2012 study from Young Invincibles estimated that the typical single student borrower now has a debt - to - income ratio that would prohibit him or her from qualifying for a garden - variety home mortgage.38

People with no financial strength: If your debt - income ratio is already high and you are unable to increase your income, you will definitely find it difficult to get a new regular credit card.

A new stress test was also introduced to ensure that debt costs are no more than 44 per cent of income for lenders seeking a high - ratio mortgage.

If your debt ratios are already on the high side (a GDS ratio over 33 percent or a TDS ratio over 38 percent), it may be in your best interest to apply for refinancing sooner rather than later before the new mortgage rules take effect.