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

Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up

Report problem with this ad

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).

Report problem with this ad

scottpete

Bio page: scottpete
Joined: Mar 10, 2009
Last login: May 1, 2024
Total posts: 4,066 (217 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad