To calculate your debt-to-income ratio, add up your monthly debt payments and divide this figure by your gross monthly income. While every lender and product will have different ranges, a DTI of 50 ...
Financial planners recommend saving around 75% of your pre-retirement income for retirement. Using the 4% rule, you can calculate how much you need to save in total.
Choose the loan amount and tenure: Select the amount and duration based on what you calculated earlier using the EMI tool.
It is difficult to keep up with daily expenses in this inflationary environment. Your current income is not enough. At times like these, you likely wish you had another source of income — something ...
Turn your TFSA into a monthly paycheque by pairing Royal Bank’s dividend growth with SmartCentres’ high, monthly REIT payouts ...
One of the many variables lenders use when deciding whether or not to loan you money is your debt-to-income ratio or DTI. Your DTI reveals how much debt you owe compared to the income you earn. Higher ...