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Can you afford the current DTI ratios for a mortgage loan?
Q: I am a mortgage lender and heard you on WGN radio today speaking of mortgages. You were quoting ratios of 28/36% of your gross monthly income. Those were the ratios that you’d hit your head on the ...
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5 easy steps for getting your first mortgage (plus tricks for getting the best rate and terms!)
Gross debt service ratio (GDS): The percentage of your gross household income used to cover housing costs like mortgage payments, property taxes, heating, and a portion of condo fees. This shouldn’t ...