Meaning Total Debt Service Ratio
What does Total Debt Service Ratio mean? Here you find 6 meanings of the word Total Debt Service Ratio. You can also add a definition of Total Debt Service Ratio yourself
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Total Debt Service RatioThe percentage of gross annual income required to cover all payments for housing and all other debts, such as car payments.
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Total Debt Service RatioThe 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.
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Total Debt Service RatioThe 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.
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Total Debt Service RatioA debt service measure that lenders use as a rule of thumb to give a preliminary assessment of whether a potential borrower is financially able to repay a debt. The total debt service ratio is calcul [..]
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Total Debt Service RatioThe ratio of an amount equal to the annual mortgage charges and acceptable installment account payments to an amount equal to the effective gross annual income of the borrower.
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Total Debt Service RatioThe 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.
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