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spinoff to HOMEOWNERS' $ left after closing & downpayment
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cindy104
This is my "Baby"
Member since 6/08 1522 total posts
Name:
Cindy
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spinoff to HOMEOWNERS' $ left after closing & downpayment
After ALL your monthly payments/expenses, how much do you have LEFT OVER for extra "spending" money per month?
By monthly expenses please include things like:
Mortgage
Taxes
Insurance
Utility bills
Phone bills
Credit card payments
Car payments
Gas (car)
Food
ETC.
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Posted 1/22/09 8:59 PM  |
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RocPin
Life's Beachy <3
Member since 2/08 6765 total posts
Name:
Heather
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Re: spinoff to HOMEOWNERS' $ left after closing & downpayment
I chose $200 - $500 (pretty much in the middle). Translation - NOT ENOUGH 
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| Posted 1/22/09 10:19 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: spinoff to HOMEOWNERS' $ left after closing & downpayment
your debt - meaning car payment, credit cards and mortgage shouldn't be more then 44-50% of your take home pay by banking standards
however- I see alot of people with just the mortgage payment taking up 50% or more of there net monthly take home- that's not good
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| Posted 1/22/09 10:23 PM |
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cindy104
This is my "Baby"
Member since 6/08 1522 total posts
Name:
Cindy
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Re: spinoff to HOMEOWNERS' $ left after closing & downpayment
Posted by Beth1210
your debt - meaning car payment, credit cards and mortgage shouldn't be more then 44-50% of your take home pay by banking standards
however- I see alot of people with just the mortgage payment taking up 50% or more of there net monthly take home- that's not good
I agree....debt to income ratio is a huge factor when getting a mtg!
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| Posted 1/22/09 10:24 PM |
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