Would you spend over 60% of your income?, For home loan
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 Apr 13 2017, 12:43 AM
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#1
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21,456 posts Joined: Jul 2012  
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Elevated dsr is vulnerable to bank interest rate rise. In some countries, dsr of over 30% is considered​ stressed and over 50% is suicidal.
For DSR calculation, should include other regular income else it is not logical to have over 100% DSR. This post has been edited by icemanfx: Apr 13 2017, 09:02 AM |
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Apr 13 2017, 09:32 AM
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#2
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QUOTE(Michaelbyz23 @ Apr 13 2017, 09:16 AM) Yea. But my banker friend also said nowadays FD means nothing..They will not take it into consideration when approving loan, cuz you can run anytime with FD. Unless you put big downpayment? Bank could tell borrower to pledge FD as collateral. According to bnm, only about 6% of people have saving to support over 6 months of living expenses mean only a minority have substantial FD. |
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