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

Name: Gross debt service usually must be greater than 30 percent before a residential mortgage will be approved.
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Gross debt service (GDS) ratio typically must be less than or equal to 30-32% for a residential mortgage to be approved, as it measures the portion of the borrower's income that will go towards housing costs.

Gross Debt Service Usually Must Be Greater Than 30 Percent