Lenders Commonly Use a GDS Ratio of 50% and a TDS

question 80

True/False

Lenders commonly use a GDS ratio of 50% and a TDS ratio of 60% as guidelines to determine the amount you can comfortably afford for housing.

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Definitions:

Organizational Design

The process of shaping an organization's structure and roles to align with business objectives and strategy, facilitating efficiency and effectiveness.

Politics Of The Firm

Describes the internal dynamics, power struggles, and alliances within an organization that influence its decisions and functioning.

Technology Type

A categorization of technology based on its functionality, application, or the innovation it represents within a particular field.

Banks

Financial institutions that accept deposits from the public, offer savings and loans services, and play a critical role in the financial system.