Cost to a country of servicing its foreign debts and in particular debts owed by the public sector and publicly guaranteed debt. The total of interest payments and repayments of principal is expressed as a percentage of export earnings. A level of 20 percent is normally considered an acceptable maximum but establishing the exact figure is often difficult.
The ratio of a project's annual net operating income divided by the total annual debt service.
The percentage of a borrower's gross income that can be used for housing costs (including mortgage payments and taxes). This is used to determine the amount of monthly mortgage payment the borrower can afford.
Total monthly loan payments divided by monthly gross (before-tax) income; provides a measure of ability to pay monthly loan payments in a prompt and timely fashion.
Maximum amount of an applicant"s weekly, fortnightly or monthly wage which will support loan repayments over the agreed term of the loan. This is usually expressed as a percentage. Most lenders set a maximum DSR between 30% and 33%.
The percentage of a borrower's gross household income which may include in addition to the main wage earner's salary, salaries of other wage earners, bonuses, commissions, overtime, etc., and can be used for housing costs, including mortgage payment and taxes.
Maximum of the applicants weekly, fortnightly or monthly wage which will support loan repayments over the agreed loan term. Usually expressed as a percentage – most lenders set a maximum DSR between 30% to 33
A percentage of your gross income that is allowable to service your mortgage payments, strata fees, property taxes, heat and debts such as loans, lines of credit and visa.
The percentage of the borrower's gross income that will be used for monthly mortgage payments of principal and interest, as well as taxes, heating costs and/or condominium fees. Lenders look at two ratios: Total Debt Service (TDS) and Gross Debt Service (GDS).
The ratio of debt service payments to earnings from exports of goods and services in any period.
The percentage of a borrower's income that can be used for housing costs. Gross Debt Service (GDS) Ratio: Gross debt service divided by household income. A rule of thumb is that GDS should not exceed 30%. It is also referred to as PIT (Principal, Interest and Taxes) over income. Sometimes energy costs are added to the formula, producing PITE, which moves the rule of thumb GDS to 32%. Total Debt Service (TDS) Ratio is the maximum percentage of a borrower's income that a lender will consider for all debt repayment (other loans and credit cards, etc.) including a mortgage.
The percentage of the borrower's gross income that will be used for monthly payments of principal, interest, taxes, space heating costs and condominium fees. Calculations for the Gross Debt Service Ratio (GDSR) and Total Debt Service Ratio (TDSR) are explained under Residential Mortgages.
The required annual debt payments divided by general income.
The percentage of a borrower's gross income that can be used for housing costs, including mortgage payment and taxes (and condominium fees, where applicable).
A ratio used by some lenders to assess serviceability of a loan. Often referred to simply as DSR.
The percentage of the borrower's income used for monthly payments of principal, interest, taxes, heating costs and condo fees (if applicable).
