Question
if PMT= $5902.10 Annual rate of inflation is : 1.43% and i have $2500 of disposable income to service debt at each loan repayment period
if PMT= $5902.10
Annual rate of inflation is : 1.43%
and i have $2500 of disposable income to service debt at each loan repayment period
Assuming my income increases by the current rate of annual inflation, will i be able to afford the periodic loan repayment needed for the loan?
If not, by what nominal annual percentage will i have to grow their disposable income available to service the loan in the future when they buy their house?
If my future income is greater than the loan repayment required, by what percentage is my income greater than the loan repayment required?
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