A buyer will be making blended monthly mortgage payments of $905.82 including principal and interests. The taxes on the property are $210.00 per month. With a gross debt service ratio of 32%, what minimun annual gross income would the buyer have to earn to qualify for the motgage loan?

Answer rating: 100% (QA)

A GDS ratio is the percentage of your income needed to pay all of your monthly housing costs ... View the full answer