Lesson 16: What is Debt Service?
In this video we're gonna talk about debt service and what it is. So debt service is basically the annual mortgage you pay to your lender. So that includes your principle and your interest. So basically all of the cash flow that leaves your account to go pay your lender, including the principle and interest, is what's considered debt service.
And why that's important is because of the debt service coverage ratio, which we'll cover in a different video. Thanks. Please like, subscribe, or follow. We'll see you soon.
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