Gross Debt Service Usually Must Be Greater Than 30% Before

question 18

True/False

Gross debt service usually must be greater than 30% before a residential mortgage will be approved.

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Definitions:

Power

The power or skill to guide or shape the actions of others or the direction of events.

Sergeant

A rank in the military and some police forces, typically just above corporal and below a lieutenant, responsible for a unit's discipline and training.

Captain

A Captain is a leader or commander of a team, group, or organization, responsible for guiding and directing towards achieving goals.

Influence Tactics

Tactics that are used to convert power into actual influence over others.