Total Debt Service Ratio (TDS)

Percentage of gross annual income of a borrower required to maintain annual payments of mortgage, property taxes, hydro and other debts such as loans, credit card payments, child support and leases.

Related Terms:

1. Back-End Ratio
2. Document Needs List
3. Liabilities
4. Total Expense Ratio
5. Gross Debt Service Ratio (GDS)