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">Gross Debt Service (GDS) ratio

By The Spy on October 17, 2016
« Back to Glossary Index

The percentage of the borrower’s income needed to cover all housing costs (specifically, mortgage payments, property taxes, heat and ½ of any condo fees). The traditional limit for an acceptable GDS ratio has long been 32%. But most lenders allow up to 39%, especially if the mortgage is insured and the borrower has a high credit score.

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