Real Estate And Search Engine Optimization Glossary

Grantor
The seller, who gives a deed.

Gross Area
The sum total of all floor space, including areas such as stairways and closet space. Often measured based on external wall lengths.

Gross Debt Service (GDS) Ratio
The percentage of gross income required to cover monthly payments associated with housing costs. Most lenders recommend that the GDS ratio be no more than 32% of your gross (before tax) monthly income.

Gross Household Income
Gross household income is the total salary, wages, commissions and other assured income, before deductions, by all household members who are co-applicants for the mortgage.