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Consider the following Mortgage Applicant Annual Gross Income Projected Monthly Mortgage Payment Annual Property Taxes Other Monthly Debt Payments Joe $ 100,000 $ 2,100 $
Consider the following
| Mortgage Applicant | Annual Gross Income | Projected Monthly Mortgage Payment | Annual Property Taxes | Other Monthly Debt Payments |
| |||||||||||
| Joe | $ | 100,000 |
| $ | 2,100 |
| $ | 3,000 |
| $ | 600 |
| ||||
| Bill | $ | 45,000 |
| $ | 1,000 |
| $ | 1,400 |
| $ | 150 |
| ||||
GDS cutoff: 30 percent
TDS cutoff: 35 percent
Using only the TDS criteria to find out whether they will get the loan.
PLEASE SHOW IN EXCEL
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