What percentage of my income should go toward a mortgage?

Answer On One Hand: Under 28 PercentMost lenders will not allow you to borrow so much money that your monthly mortgage expenses exceed 28 percent of your monthly income. Lenders use your pretax income to ... Read More »

Top Q&A For: What percentage of my income should go toward a...

What percentage of a gross income should a mortgage payment be?

According to Bankrate, your mortgage payment, including principal, interest, insurance and taxes should not exceed 28 percent of your gross monthly income. To determine your maximum payment, first ... Read More »

What is the correct percentage of income for a monthly mortgage payment?

Banks generally do not want more than 28 percent of a borrower's monthly income allotted toward his mortgage payment. This amount may be smaller if the addition of a mortgage payment would make you... Read More »

If you are receiving short-term disability income benefits and you decide to quit your job will you have to reimburse your employer for the percentage of your income you received during your leave?

NOT ONLY BAD QUESTION but ILLOGICAL - first you collect INSURANCE Benefits - not PAY (this money comes from insurance policy that you and/or employer pay into) - - You don't return any "insurance b... Read More »

How to Calculate Rental Income From Income Tax Return for Mortgage?

Each year taxpayers must to report their rental income on their taxes. Often if a person is trying to obtain a mortgage, he will need to provide the rental income to the lender. The taxpayer can si... Read More »