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OCR: Name Gross Debt Service Ratio Deed Defination The percentage ofa borrower's gross monthly Default income that can be used to pay the housing Deposit costs including monthly mortgage payment Down payme princ ipal and interest heating Costs and property taxes and condominium fees when Equity applicable) The total should not be more than First Mortgag 32% of monthly gross income Fixed Rate V Floating Rate Gross Debt Suchen 23/48 High Ratio M Dowr quity