If you are planning to apply for a loan for any reason, whether it is for a mortgage or the kid’s school fees, or to buy the new car you have been promising yourself, you will need to check and accurately calculate on your debt to income ratio with this template.
The ideal solution for this is the excel debt to income ratio calculator; this would be a wise choice to enable you to know your financial health and plan for your future.
If you are thinking there must be an easier way to figure out your financial debt ratio without causing you any further confusion, which could have been contributing to a delay of your account payments. Having this debt to income ratio calculator could really make a big impact on your decisions and help you with your everyday living.
Debt to income ratio assessment
To make a start in order for you to calculate the debt to income ratio, you have to fill in all your income and then list all your debts, however large or however small they may be, into this easy excel template that illustrates the income, loan and the debt to income ratio.
This debt to income ratio calculator could give you a complete picture of your entire debt to income ratio; this would then help you to assess the entire percentage of the loan that you need to take into account.
You must also be able to input your entire income to re assess and evaluate your debt to income ratio, in regards to your financial health and aid.
You should also keep in mind the need to add in any additional debts that you incur do not have to pay every month.
Reduce some debts to pay off loans
This debt to income ratio calculator is easy to use for you to calculate your financial position. You just have to fill in the necessary information regarding your loan, may it be for a mortgage, house loans, school loans, credit cards or other personal loans that you are committed to.
You also have to take into consideration your estimated salary; including any part time salary, over time or bonuses, if there are any, and the financial aid that is needed.
Upon the filling of all this necessary information, the debt to income ratio can now be calculated in terms of percentages. Wherein a complete list of percentages can be calculated using your debt to income ratio calculator.
The percentage could help you identify and evaluate whether there is no problem in your payment, there is a need to avoid additional usage, a need to reduce some debts or pay off loans to take advantage of the situation of that particular lone, or an urgent need to eliminate some loans all together.
A solution for your loan inquiries
The debt to income ratio calculator is a really helpful tool to assess and figure out the best solution for your loan inquiries and deals. With your existing loans you can calculate which loans are costing you the most in interest and then you will be able to concentrate on repaying them first.
Download Debt to Income Ratio Calculator
In business just about the only report that really matters is the balance sheet. At the end of the day you need to be making money, and the only way to do that is to have a positive balance sheet. Much as you might like it to be other things, you have to get over this hurdle to get on to bigger and better things within your business. That is the simple truth of the matter.
Those who want a balance sheet report that they can rely on are going to be apt to use one that they are able to find from the excel program that is probably already on their computer.
An Excel template is excellent for anyone trying to create a Real Person Budget for themselves. There are many ways to use an Excel template but one of the best uses is to make a budget for yourself using the template.
To do this you should make titles such as “bills, balance, payment” etc. Under the balance tab you should label what you paid each month and the spreadsheet will simply subtract for you helping you to better keep up with the balance on all accounts.
Using Excel is an excellent way to help you get out of debt much faster.
Calculating Net Present Value (NPV) in an investment is a formula that is used by all financial lenders and institutions. A Net Present Value calculator is most commonly used during the purchase, refinance or modification of a primary residence or rental property.
In the most recent years during the real estate financial crisis, every property must pass the NPV test in order to qualify for loans or modifications. The United States Treasury has set the parameters for all lenders and currently there can be up to 33 variables in calculating NPV for a specific investment.
Using a Net Present Value Calculator
This formula is too complicated for simple math, therefore; the use of an excel template along with a Net Present Value calculator is absolutely necessary to determine an investments’ NPV. In the case of a loan modification, the NPV must be positive or have an output of positive value over the life of the terms that benefits both the lender and the borrower.
In most cases, an investment NPV will look at the current value of the property, the current income potential of the borrower and their ability to repay the loan over the term. If the NPV determination is negative, this investment is not a wise choice for either party. At that point the investment will not qualify for any type of lending product, this can present quite a problem for borrowers whose only options are loan modifications to keep their property.
The other vital thing to remember about NPV is that is can change over time. Therefore a property or investment that did not have a positive NPV during the original calculation may change over a period of 6 months or more. This can be beneficial if your current investment is underwater or upside down and by keeping track through an excel template it will allow for certain parameters to be updated to show a positive NPV at a later date, thus qualifying for more investment options.