The average debt to income ratio (DTI) here is 2:1 – that is, most people owe twice what they earn in a year. This ratio has increased dramatically since the 1970s, and Australia now has one of the highest DTIs in the world. While a longer conversation could be had about why this...
Make a down payment. Put as much cash toward the home purchase as you can. The more equity you have in your mortgage, the more attractive your application is. Your Mortgage, Unlocked Want to crack the code on getting approved for a mortgage? The secret lies in the financial profile you’...