The ratio of total annual income relative to a borrower’s total payments, GDS payments plus other debts such as bank loans, finance company loans, credit card payments, car payments, etc.; most lenders prefer this not to exceed 40 – 42%.
The ratio of total annual income relative to a borrower’s total payments, GDS payments plus other debts such as bank loans, finance company loans, credit card payments, car payments, etc.; most lenders prefer this not to exceed 40 – 42%.