Tag Archives: bank approval policies

What Is Your GDS Ratio and TDS Ratio?

Your monthly budget likely accounts for every dollar coming into your home. Perhaps detailing each payment and expense you’ll be required to pay for that month while the amount of cash left over you designate toward savings. When you’re sitting at your kitchen table trying to calculate if you can afford another loan, I bet [...]

The Three Big Cs – Character, Cash, and Collateral

Bankers used to say they relied on the “Three Cs” – Character, Cash, and Collateral. In the old days of banking when it was a much more personal process, character stood for a lot when you were being approved for a loan. Nowadays your credit score is the real mitigating factor between approval and not [...]