Debt

How Does Government Debt Affect Economic Growth?

It will be interesting to see what the federal and provincial governments have planned for taxation and spending in the following months. There has been a recent disturbing trend in which governments across the country have been accumulating enormous amounts of additional debt. Research suggests that increasing government debt might have negative long-term economic implications.

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How Do Mortgage Lenders Calculate Debt To Income Ratio?

Calculate your total monthly loan payments by multiplying your total monthly income by 12. By multiplying the decimal point by 100, you can convert it into a percentage. How do mortgage companies calculate debt-to-income ratio? Using your pre-tax or gross monthly income, lenders compute your debt-to-income ratio. Although there are certain exceptions, most lenders prefer

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