Pros and Cons of Calculate Debt Service Ratio

If you wish to know what Debt Service Ratio means than it is something which is used for both businesses and on an individual basis to calculate how conveniently a borrower will be able to oblige to the financial responsibilities of the debt. For an individual or a house the debt service ratio is the disposable monthly earnings (the net value) minus the taxes, the … Continue reading Pros and Cons of Calculate Debt Service Ratio

What is Forbearance?

There are some situations which have affect on your financial earnings, and reasons behind it are such as unemployment or an injury, you may find yourself without the job or money to meet your obligations. Utility bills, food and medical costs may require your entire income leaving loans and credit card bills at risk of entering decline. You may face foreclosure on mortgages or legal … Continue reading What is Forbearance?