Real Estate Lingo: What is Debt Servicing?

What is Debt Servicing?

Debt Servicing looks at your overall income coming into the household.

Then we look at your debt. What kind of debt are you carrying monthly? Whether it’s car payments or student loans.

We have a ratio and must ensure we stay within specific ratios for someone to qualify for a house.

Watch the video here

Check out this article next

Celebrating First-Time Homebuyers

Celebrating First-Time Homebuyers

Exciting news for those embarking on their homeownership journey! One of our valued clients just accepted their offer, and we couldn't be happier for them. As…

Read Article