What is Your Debt Service Ratio? TDS - Qualifying for a Mortgage

LeahCoss.ca How Do I Qualify for a Mortgage? Total Debt Service Ratio (TDS) What is TDS & when is it used? ● Anytime you want to qualify for a mortgage or loan ● Determines how much money a bank will loan you based on  Current Income  Other Debts & Payments  Credit Rating What Numbers Will You Need? Debt • Typical Payments -- Car Loan, Credit Cards, LOC, Alimony, Child Support, Other Mortgages • Anything you MUST pay "or else" • Items that

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