Lenders Commonly Use a GDS Ratio of 30% and a TDS

question 71

True/False

Lenders commonly use a GDS ratio of 30% and a TDS ratio of 40% as guidelines to determine the amount you can comfortably afford for housing.

---

Definitions:

JIT

Just-In-Time, a lean manufacturing principle aiming to reduce waste and increase efficiency by receiving goods only as they are needed in the production process.