what is my best rates?
you must know YOURSELF:
Which Class You Belong to
(according to lenders’ approval policies)
All published RATES on ANY websites, newspapers or media are for AA-Class clients, unless it’s specially mentioned.
|1||AA-Class||Good Credit for 2 years and good income for the mortgage amount (TDS ratio is less than 44% of total annual gross income, and GDS ratio is less than 39%/42% of total annual gross income)|
TDS and GDS Calculation
|2||A-Class||Good credit for 2 years and income might be tight for the mortgage amount, but down payment can be more than 35%|
|3||B-Class||1. Good credit for 2 years, but income is not sufficient; or|
2. Income is sufficient, but credit has problem
|4||C-Class||Income is not sufficient and credit has problem|