Total debt servicing ratio (Mortgages), Credit Unions, Fiduciaries, Savings Plans, Trust Companies, Letters Of Credit, Registered Agents
List of United States Depository Institutions, Credit Unions, Guide Service
Total debt servicing ratio (Mortgages) - Depository Glossary Terms and Abbreviations
A formula used to determine the maximum monthly debt payments a person can afford. The ratio calculation divides total shelter costs plus debt payments by gross income. Shelter costs generally include mortgage payment or rent, property taxes, utilities and 50% of condo fees, if applicable. Debt payments include all loan, credit card and line of credit payments.