Multiple Choice
The Gross Debt Service (GDS) ratio measures:
A) your monthly mortgage payment, including any outstanding debt as a percentage of gross monthly income.
B) your monthly mortgage payment, including principal, interest, heating, and taxes as a percentage of gross monthly income.
C) your monthly mortgage payment as a percentage of gross monthly income.
D) your annual mortgage payment, including any outstanding debt, as a percentage of gross annual income.
E) your annual mortgage payment, including principal, interest, heating, and taxes, as a percentage of gross annual income.
Correct Answer:
Verified
Correct Answer:
Verified
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