Gjeldsgrad (debt-to-income ratio)
Gjeldsgrad is your total debt divided by gross annual income, and under Norway's utlånsforskriften (section 6) it may not exceed 5.
Gjeldsgrad is your total debt measured against your gross annual income. Under utlansforskriften your total debt, including the mortgage and every other loan, may not exceed five times your gross income. It often binds before the equity requirement does, so it sets the real ceiling on what you can buy.
Related terms
Utlånsforskriften (Norway's mortgage lending regulation) Egenkapital (equity / down payment) Belåningsgrad (loan-to-value, LTV) Finansieringsbevis (mortgage pre-approval / financing certificate) Totalpris (total price = asking price + your share of the joint debt) Fellesgjeld (joint debt of the housing co-op)
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