Kamdyn is considering buying a new home and is unsure of her ability to finance the purchase. Fortunately, she has a steady job that pays $53,000 per annum with reasonable job security. If she goes ahead with the purchase, annual mortgage payments will be $11,400, taxes$1,680, heating costs $2,570 and there will be no condo fees. 

What do you estimate her Gross debt service ratio will be?

Answer rating: 100% (QA)

To calculate Kamdyns Gross debt service ratio we need to a... View the full answer