Sentences with phrase «determine gross debt»

Not exact matches

To determine your debt - to - income ratio on a yearly basis, divide your total yearly debt payments by your yearly gross pay.

What this basically means is the bank or lender will look at your total monthly debt and your gross monthly income, and determine if, on paper, you can afford the terms of the loan you are seeking.

Ultimately, the maximum size of your loan amount will be determined by your debt - to ‐ income ratio (DTI), which is the percentage of monthly gross income that goes towards paying debts.

Debt - to - income ratio (DTI) is an underwriting guideline that compares a borrower's monthly debt payments to gross monthly income and helps lenders determine if you meet VA loan qualificatiDebt - to - income ratio (DTI) is an underwriting guideline that compares a borrower's monthly debt payments to gross monthly income and helps lenders determine if you meet VA loan qualificatidebt payments to gross monthly income and helps lenders determine if you meet VA loan qualifications.

This ratio is calculated by dividing a borrower's monthly debts by the monthly gross income and determines how much money the borrower has available for other monthly obligations.

The broker will determine your affordability by taking a look at your debt ratios (Gross Debt Service GDS and Total Debt Service (TDS)-Rdebt ratios (Gross Debt Service GDS and Total Debt Service (TDS)-RDebt Service GDS and Total Debt Service (TDS)-RDebt Service (TDS)-RRB-.

You must keep in mind, when determining how large a mortgage payment you can afford, that your monthly payment generally should not exceed 33 % of your gross monthly income and 38 % when you include your other monthly debt.

Debt - to - income ratio — Actual: A calculation of monthly housing costs and overall debt payments, divided by the purchasers» gross monthly income, which ultimately determines the size of their available mortgDebt - to - income ratio — Actual: A calculation of monthly housing costs and overall debt payments, divided by the purchasers» gross monthly income, which ultimately determines the size of their available mortgdebt payments, divided by the purchasers» gross monthly income, which ultimately determines the size of their available mortgage.

DTI, which represents the percentage of your gross monthly income that you spend on debt payments, will also be considered by any mortgage lender who is determining your mortgage eligibility.

(A cash - on - cash rate of return is a measure of investment return determined by a ratio of the property's cash flow and its effective gross income after expenses, taxes, and debt service.)