Question

 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 »
http://www.answerbag.com/q_view/1981149

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 »
http://www.answerbag.com/q_view/2202912

What percentage of my salary should go toward bills?

The only general rule is less then you make. A mortgage should really be no more then 25% of your gross income. I would recommend saving a minimum of 10% of your income for retirement.As long as ... Read More »
http://answers.yahoo.com//question/index?qid=20070913062524AAWdqqs

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 »
http://www.answerbag.com/q_view/2228876

What percent of your income should go to a mortgage?

No more than 28 percent of your gross income should go toward a mortgage. This figure includes the mortgage principal, interest, taxes and homeowner's insurance. Your total monthly payment is calle... Read More »
http://www.answerbag.com/q_view/2106977


feedback
loading