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What is the max % of take home pay compared to mortgage they recommend?
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maggie04
LIF Infant
Member since 10/06 151 total posts
Name:
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What is the max % of take home pay compared to mortgage they recommend?
I know this has been posted several times before, but what is the max % your mortgage (taxes included) should be of your take home pay each month. All answers appreciated. Thanks.
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Posted 5/5/07 7:18 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
MrsSteflily
I love chocolate
Member since 4/06 2047 total posts
Name:
Stef
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Re: What is the max % of take home pay compared to mortgage they recommend?
Guideline is 28% of your gross monthly income. 36% including your other debt. These are only guidelines are there are lendors that will allow much greater percentages.
But only you know what your expenses are to figure it out based on your net income.
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| Posted 5/5/07 8:01 PM |
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