Debt to Income Ratios introduced
June 16, 2024
Reserve Bank Introduces Debt-to-Income Ratios: What It Means for Borrowers
In a significant move aimed at stabilizing the housing market and managing financial risks, the Reserve Bank of New Zealand has announced the introduction of Debt-to-Income (DTI) ratios for mortgage lending. This new policy sets limits on how much individuals can borrow base...
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