F@@k Nissan! (VERY VERY pissed!)

Originally Posted by matt2112 excuse my ignorance, but what is "debt service?" Debt Servicing Ratio (TDS) This number takes your Gross income then divides it by your debt. The general

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F@@k Nissan! (VERY VERY pissed!)

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06-26-2009, 07:02 PM

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Quote:

Originally Posted by matt2112

excuse my ignorance, but what is "debt service?"

Debt Servicing Ratio (TDS) This number takes your Gross income then divides it by your debt. The general approval is 40% and under.

Sooo Simple numbers...

I have a $10,000 a month income and a loan that I pay $1,000 per month. My TDS will be 10%. However I can afford a payment of up to $4,000 per month.

You can break it down yearly, monthly whatever...

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