I heard to aim for a monthly payment about 20-30% of monthly gross income

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Aug 30, 2015
1:54:14pm

scottpete

I heard to aim for a monthly payment about 20-30% of monthly gross income

adjust according to other outstanding debts (student loans).

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scottpete

Bio page: scottpete
Joined: Mar 10, 2009
Last login: Jun 17, 2024
Total posts: 4,096 (220 FO)

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Messages

Author

Time

POLL: What was the purchase price of your home in comparison to your annual

Triznaynay

8/30/15 11:41am

What is recommended? Is there a general rule about this? I'm looking to buy my

Slim

8/30/15 11:59am

And utilities are way more expensive. I didn't realize water, trash and sewer

SPgoofyft

8/30/15 12:17pm

I heard to aim for a monthly payment about 20-30% of monthly gross income

scottpete

8/30/15 1:54pm

Price of home is irrelevant, mortgage $ amount is what matters.

Kerbouchard

8/30/15 1:24pm

But the more you spend, the more you stand to lose if the market dips.

BigEasyCougar

8/30/15 3:30pm

No kidding, but the poll is asking about ratio of housing costs to income.

Kerbouchard

8/30/15 7:54pm

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