Furnished Apartments Buenos Aires
Temporary rentals and Real estate in Buenos Aires, Argentina.
How to Figure Debt to Income Ratio
Oct 29th
Debt-to income ratio is an important parameter that determines your eligibility for a mortgage loan. It indicates your financial responsibility. A debt income ratio of 28/36 is regarded as a good debt income ratio. The requirements vary from one lender to another. And if one lender accepts 28/36 as the standard, another lender may as well relax the debt income ratio a bit.
How to calculate your debt-to income ratio
Debt-to income ratio also known as DTI, is calculated in the following manner. A step wise process is given below that will help you to calculate your debt-to income ratio.
1. Calculate your total income
First you are required to add the total net monthly income. It includes monthly wages, guaranteed bonuses and commissions; alimony payments (if applicable). You have to take into account earnings in the last 2 years.
2. Calculate total expenses
Once you are done with the calculation of your total monthly payments, you start calculating your monthly debt obligations. Credit card debts, mortgage payments etc are included in the calculation.
3. Divide monthly debt expenses by total monthly income
After obtaining the total monthly income as well as your monthly debt obligations, divide the monthly debt obligations by total monthly income. This gives you the debt-to income ratio.
4. Express it as percentage
Your debt income ratio is usually expressed as percentage. Lower is your debt income ratio, the better it is. A DTI of 28/36 is the standard debt-to income ratio and majority of the lenders accept this figure.
There is a deviation from the 28/36 rule and the FHA or the Federal Housing Administration allows you to obtain a loan if your debt-to income ratio is 29/41.
Luxury apartments in Buenos Aires
Oct 14th
The city of Buenos Aires, capital of Argentina, has exclusive apartments, where comfort and luxury stand out incredibly. One of the finest places where you can find an attractive selection of luxury apartments in Buenos Aires, is situated in the renowned Puerto Madero, which is clearly the destination of a higher grade of the port city.
Modern area par excellence, there stands the avant-garde culture in the various local restaurants, hotels, bars and modern buildings that give a sophisticated look. Puerto Madero, near the Obelisk, is one of the places to visit to enjoy everything the site offers. In this way, staying at the exclusive Le Parc building in an apartment for two people with the best views of the city, has a rental value of $ 200 per day, while monthly cost reaches $ 2900. A negligible amount, if it is comfort. Moreover, sophisticated real estate rent with all amenities on Avenida Alvear, perhaps one of the most elegant of Argentina, would cost $ 140 daily or weekly U $ S 700.
Thus, Recoleta, Palermo Soho, Belgrano and Puerto Madero concentrated supply of luxury apartments, designed for everyone and ideal for tourists visiting the country both for walking and for doing business. Of course, the supply of luxury apartments is not restricted only to rents, but also a tempting choice but to make an investment and thus have their own place during his visit.