Question: Calculate the debt servicing ratios for Smith request for a new loan for renovations. BEFORE - TDS Calculation - LABEL each component separately! Calculating TDS

Calculate the debt servicing ratios for Smith request for a new loan for renovations. BEFORE - TDS Calculation - LABEL each component separately! Calculating TDS Ratio Monthly Housing Costs (including taxes & heating) ALL Other Applicable Consumer Debt Anticipated New Loan Payment (omit for the BEFORE) DIVIDED BY Gross Monthly Income TDS RATIO = % The Smiths need $35000 to settle Reanna's tax bill. Calculate an unsecured loan at 11.25% for 5 yrs

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