- Joined
- Oct 16, 2007
- Messages
- 758
It is not possible to get a negative TDSR calculation.
Here`s how the banks currently work out your TDSR with an 80% offset.
GDSR (includes rent or PITH for your residence ) + other debt payments
Verfiable income (salary or 2 year avg of Line 150 from NOA) + rental surplus 80% offset
It is possible to have a low TDSR, but not a negative.
The rental offset on the portfolio is calculated on the portfolio alone. If the 80% offset results in a negative number, then is takes away from your annual verifiable income, and increases your TDSR.
Here`s how the banks currently work out your TDSR with an 80% offset.
GDSR (includes rent or PITH for your residence ) + other debt payments
Verfiable income (salary or 2 year avg of Line 150 from NOA) + rental surplus 80% offset
It is possible to have a low TDSR, but not a negative.
The rental offset on the portfolio is calculated on the portfolio alone. If the 80% offset results in a negative number, then is takes away from your annual verifiable income, and increases your TDSR.