Comments on: Mortgage Calculator: How Much Can You Afford? http://www.stjohnsrealestateonline.com/mortgage-calculator-how-much-can-you-afford/ St. John's Newfoundland Real Estate Blog and Market Info Thu, 26 Jan 2012 03:39:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Canadian Mortgage Trends http://www.stjohnsrealestateonline.com/mortgage-calculator-how-much-can-you-afford/comment-page-1/#comment-9 Canadian Mortgage Trends Tue, 08 Jan 2008 03:24:23 +0000 http://www.stjohnsrealestateonline.com/mortgage-calculator-%e2%80%94-how-much-can-you-afford/#comment-9 In some cases certain lenders will do even higher than 40% (for conventional deals). In other cases GDS doesn't even matter as long as TDS is in line. In some cases certain lenders will do even higher than 40% (for conventional deals). In other cases GDS doesn’t even matter as long as TDS is in line.

]]> By: Steve Winters http://www.stjohnsrealestateonline.com/mortgage-calculator-how-much-can-you-afford/comment-page-1/#comment-8 Steve Winters Tue, 08 Jan 2008 02:07:10 +0000 http://www.stjohnsrealestateonline.com/mortgage-calculator-%e2%80%94-how-much-can-you-afford/#comment-8 Robert, I heard that in some lending institutions they are using a 40% <a href="http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2007/11/debt-service-ra.html" rel="nofollow">GDS</a>......is this true? Steve Robert,

I heard that in some lending institutions they are using a 40% GDS……is this true?

Steve

]]> By: Canadian Mortgage Trends http://www.stjohnsrealestateonline.com/mortgage-calculator-how-much-can-you-afford/comment-page-1/#comment-7 Canadian Mortgage Trends Tue, 08 Jan 2008 01:57:06 +0000 http://www.stjohnsrealestateonline.com/mortgage-calculator-%e2%80%94-how-much-can-you-afford/#comment-7 Hi Steve, Great synapsis. It's also interesting to note that more and more lenders are eliminating (or raising) their 32% gross debt service (GDS) requirements and instead focusing primarily on total debt service (TDS) ratios. It's another sign of an increasingly competitive lending market. Cheers, Robert Hi Steve, Great synapsis. It’s also interesting to note that more and more lenders are eliminating (or raising) their 32% gross debt service (GDS) requirements and instead focusing primarily on total debt service (TDS) ratios. It’s another sign of an increasingly competitive lending market.

Cheers,
Robert

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