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Assume a mortgage on a home is $1,800 a month. What else will a bank require from you to determine if you qualify for this
Assume a mortgage on a home is $1,800 a month. What else will a bank require from you to determine if you qualify for this mortgage? Include all of the requirements for both the Gross Debt Service (GDS) and Total Debt Service (TDS).
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The bank need to know your income The gross debt service GDS ratio is ...
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
