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How Does My Auto Loan Affect My Qualification?

HOW DOES MY AUTO LOAN AFFECT MY MORTGAGE QUALIFICATION? Auto loans are usually easy to qualify for but can have serious repercussions when you apply for a mortgage.  It’s not uncommon to see 7-year auto loans.  These loans show up on your credit bureau. Debts...

What Is Total-Debt-Service (TDS) Ratio?

What Is Total-Debt-Service Ratio? The total debt service ratio (TDS) looks at the income needed to cover your monthly housing costs (GDS Ratio) and all other debts such as credit cards, auto loans, lines of credit etc. Most lenders allow a maximum of 44% to cover your...