| *NOTES
The maximum Gross and Total Debt Service Ratios (GDSR
and TDSR) are usually 32% and 40% respectively. The calculation assumes
the total of all non shelter financial obligations will not exceed $ 1,797,
or an additional 8% of the required household income. A conventional financing
calculation should incorporate 75% mortgage up to 400,000 of value and
65% there after to determine the required down payment. This underwriting
practice varies between financial institutions - contact your lender for
full details.
|