Learn about the gross debt service (GDS) ratio, a crucial metric for assessing mortgage eligibility, reflecting a borrower's housing debt as a percentage of income.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

A debt-to-income ratio under 36% is ideal ...

Mortgage balances rose by $137 billion in Q3 from Q2, and by $482 billion YoY, to $13.1 trillion, according to the Household Debt and Credit Report from the New York Fed, based on Equifax credit ...