What’s happening with Debt to Income (DTI) mortgage restrictions?

The Reserve Bank is proposing to introduce Debt to Income (DTI) restrictions from around the middle of 2024. These new DTI restrictions will set limits on the amount of debt borrowers can take on compared to their incomes. These new restrictions will in turn protect the stability of the financial system. Debt to Income Ratio […]

What you need to know before refinancing your mortgage

With interest rates skyrocketing, many mortgage holders may be considering their options of refinancing to take advantage of the cash incentives many banks offer to attract new customers. While it may be appealing to take advantage of these cash incentives, it’s essential to understand the refinance process, to weigh up the pros and cons and […]