Sentences with phrase «qualifying ratios calculations»
Qualifying Ratios Calculations that are used in determining whether a borrower can qualify for a mortgage.
http://quicksalepros.com/ Not exact matches
Mortgage debt to income ratios are the calculations underwriters use to determine whether a borrower can qualify for a mortgage.
Currently, lenders use a Gross Debt Service Ratio (GDS) / Total Debt Service Ratio (TDS) calculation to qualify for mortgage financing.
• Perform basic calculations for fixed and adjustable - rate mortgages to include qualifying ratios, down payment, monthly payment, PMI, principal, interest, MIP and discount points.