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Thread: Can you Afford that Condo? Introducing the Debt Ratios
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Old 03-08-2009, 05:25 PM
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Husky Husky is offline
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Originally Posted by Salary.sg View Post
Banks use the Debt Service Ratio to assess your creditworthiness.

I would keep my Debt to Net Worth ratio at 50% or lower.
Can you Afford that Condo? Introducing the Debt Ratios | Salary.sg - Your Salary in Singapore
Is it even possible for working class people like me? 50% leh... if I were to take a housing loan for $400k, then maybe buy a car take another $80k loan. In order for my debt/net worth ratio to be 50% I need to have one mil???

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