Tag Archives: real estate agent

Debt To Service Ratios?

Posted on September 27, 2024
By Eric MajdalaniMortgage Real Estate

Your gross debt service (GDS) ratio is your housing costs divided by pre-tax income. Your total debt service (TDS) ratio includes payments on any other debts you may owe. When determining how much you can afford when buying a home, lenders will look at two significant factors: your gross debt service (GDS) ratio and your total…

According to Canadian ‘Watchdog’, Very Long Mortgages On The Way Down

Posted on April 11, 2024
By Eric MajdalaniMortgage Real Estate

The rapid run-up in mortgages during the pandemic represents a “pocket of risk” to the financial system but Canadian lenders are starting to get the problem of ultra-long home loans under control, according to the country’s bank watchdog. “During the Covid years, the principal unintended consequence of what we went through was this buildup in…