Posted on: 17th Nov, 2010 03:53 pm
I kept hearing the term "mir" not sure of the spelling, on the televised senate hearing on mortgages. What is it?
Hi mightmite!
Welcome to forums!
Are you speaking about Mortgage to Income Ratio (MIR)? It's a ratio which makes sure that the mortgage on your property is in proportion to your wages.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Are you speaking about Mortgage to Income Ratio (MIR)? It's a ratio which makes sure that the mortgage on your property is in proportion to your wages.
Feel free to ask if you've further queries.
Sussane