Did you know that your excellent credit rating can warrant
you increased flexibility with your income to debt ratios?
It's True! with a credit rating of over 680 we can
disregard the gross debt ratio (income to mortgage debt) and increase the total
debt ratio (income to all debt) to 44%
- TDS/GDS ratios of 42% and 35% respectively are
acceptable for high ratio insured mortgages for
applicants with a credit score < 680.
- TDS/GDS ratios of 44% and N/A respectively are
acceptable for high ratio insured mortgages for
applicants with a credit score >680+.
