Gateway Commercial Finance reports on the importance of financial stress testing for small businesses to prepare for economic ...

Generally, longer-term loans have higher interest rates. According to Ken Flaherty, senior manager of retail lending for ...

Before you buy a home, learn how your income, housing costs, and the 30% rule work together to determine what you can realistically afford.

To qualify for a home equity loan—and get the best interest rate—you usually need to have a good to excellent credit score ...

Gateway Commercial Finance reports that cash flow management is vital for small businesses, as profitability doesn't guarantee liquidity.

If your credit card debt is more than 40% of your income and can’t be repaid within five years, bankruptcy may be a better option than a debt management plan. Pros Fixed monthly payments.

Your debt-to-income (DTI) ratio is the amount you owe on monthly debt payments compared to your income. Improving your DTI ratio might incentivize lenders to offer you better rates as you’ll be ...

Debt-to-income ratio. Lenders generally want to see a DTI lower than 36% to ensure you're not overextending your finances, although some have higher limits – 50% or even higher for some providers.

Another number that mortgage lenders examine carefully is your debt-to-income ratio (DTI), or your percentage of monthly debt ...

Decrease Your Debt-to-Income (DTI) Ratio. ... Use a mortgage refinance calculator to determine the savings and monthly payments to see if a 20-year mortgage is the best option.

Saving money is crucial in the journey toward homeownership, but it can feel incredibly challenging to balance saving with ...