The ratio of an amount equal to the annual mortgage charges and acceptable instalment account payments to an amount equal to the effective gross annual income of the borrower.
One of two caculations used by lenders to determine eligibility. It takes into account your monthly mortgage payment, property taxes, approximate heating costs and any other monthly obligations.
The percentage of a borrower's gross (before tax) monthly income needed to cover payments for housing costs (principal, interest, taxes, condominium fees, heating costs) and all other debts and obligations (typically loans and credit cards). The total should not be more than 40 percent of gross monthly income.
The total amount of the mortgage payments (principal and interest), heating costs and property taxes (and condominium fees when applicable) plus all other contractual debts of the borrower divided by the total gross income.
The calculation of one's total mortgage payments plus any other outstanding debts (at the time of application for mortgage approval) divided by the applicant's gross monthly income. Should not exceed 40$.
The ratio of total annual income relative to a borrowers total payments. GDS payments plus other debts such as bank loans, finance company loans, credit card payments, car payments etc; most lenders prefer this not to exceed 40
The total debt service ratio is the percentage of the borrower's gross annual income required to make the monthly payments associated with housing, as well as to satisfy all other debts, such as payments on a car loan.
It is the other mathematical calculations used by lenders to determine a borrower's capacity to repay a mortgage. It takes into account the mortgage payments, property taxes, approximate heating costs, and 50% of any maintenance fees, and any other monthly obligations (i.e. personal loans, car payments, lines of credit, credit card debts, other mortgages, etc.), and this sum is then divided by the gross income of the applicants. Ratios up to 40 % are acceptable.
Lender's allowable ratio of principal, interest, and tax (PIT) payment plus other personal debt to gross monthly income of the mortgage applicant.
The percentage of a borrower's gross (before tax) monthly income needed to cover payments for mortgage debt and/or fixed charges (principal, interest, taxes, condominium fees, lease payments) and all other debts and obligations (typically loans and credit cards).
The percentage of gross monthly income required to cover all monthly payments for housing and all other debts, such as car payments.
The total annual income relative to a borrower's total payments, GDS payments plus other debts such as bank loans, finance company loans, credit card payments, car payments, etc; most lenders prefer this not to exceeds 42%.
The percentage of the buyer or owner’s gross annual income required to pay mortgage, utilities, insurance, debts, and all other payments.
The percentage of an individual's gross income that will be used to service all personal debt, including monthly payments of mortgage principal, interest, taxes, heating and other outstanding loans and debts.
The total of annual mortgage payments and all other debts expressed as a percentage of gross annual income.
The percentage of gross income which is the maximum amount that a mortgagor is allowed to pay annually in principal, interest and property taxes all other debts.
The percentage of gross monthly income required to cover the monthly housing payments and other debts, such as car payments.
The percentage arrived at by dividing your monthly shelter costs (principal, interest, property taxes, heating and half of condo fees) PLUS all other monthly debt obligations by your gross monthly income and multiplying by 100. This is used by all lenders as the "upper limit" yardstick by which to measure the ability of a borrower (or borrowers) to make mortgage payments. For example, most lenders require that this ratio be no more than 40% for a particular application, with some as low as 37%. 40% is also the maximum qualifying TDS in most applications for default insurance.
TDSR or TDS. Add all other debt payments to the GDSR and measure as a percentage of the total income of the Borrower. Lenders will usually allow up to 40% maximum TDS.
The percentage of gross income needed to cover monthly payments for housing and all other debts and financing obligations. The total should generally not exceed 40% of gross monthly income.
The percentage of the borrower's gross monthly income needed to cover all monthly housing payments and debts, such as car payments and credit cards.
Percentage of gross annual income of a borrower required to maintain annual payments of mortgage, property taxes, hydro and other debts such as loans, credit card payments, child support and leases.
The percentage of your gross income which you will be using to pay for the mortgage payment including property taxes and all other debt payment such as credit cards and bank loans. See also Gross Debt Service Ratio (GDS). No Items
Gross debt service plus payments on other debts such as bank loans, finance company loans, credit card payments, alimony, etc. as a function of the gross income of the borrower.
The percentage of the borrower's gross income that will be used for monthly payments of principal, interest, taxes, heating and other outstanding loans and debts.
The ratio of annual (or monthly) mortgage charges for principal, interest and taxes, plus payments on other debts (such as bank loans and credit cards), compared with gross income of the borrower. This differs from the GDS in that the TDS includes debt other than the mortgage.