Customers who take up the Smartphone Offer can choose from 1GB or 10GB data packages in addition to the data package applicable under their Smart, Elite Super or Emirati plan. Customers will be able to check the aggregate data available by sending a SMS with the key word âRewardsâ to the short code 1233.
For example, $1000 in monthly debt divided by $3000 in monthly income is a debt ratio of 33.3%. Your debt includes existing minimum payments on credit card and loan payments, as well as the mortgage payment you'd have if you get the loan, including taxes, insurance, and any mortgage insurance premium.
Example: Jessie and Pat together earn $5,000 a month. Their total debt payments are $1,600 a month. Their debt-to-income ratio is 32 percent ($1,600 divided by $5,000). This ratio is one factor lenders use to decide whether a buyer can afford a mortgage payment.Generally, mortgage lenders prefer a debt-to-income ratio of 36 percent or less.In some situations, lenders will approve mortgages with higher debt-to-income ratios. Before you apply for a mortgage, make sure your credit is in good shape. Get your free credit score and report from myBankrate.his ratio is one factor lenders use to decide whether a buyer can afford a mortgage payment. Generally, mortgage lenders prefer a debt-to-income ratio of 36 percent or less. In some situations, lenders will approve mortgages with higher debt-to-income ratios.