And is it comfortable for you? Have you cut costs elsewhere to be able to afford a bigger mortgage? Mine is 31%, meaning that much of my gross income goes directly to paying my mortgage.
2007-05-24 16:03:58 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Mine is about 1/3 of my income.
2007-05-24 16:08:10 · answer #1 · answered by me 4 · 0⤊ 0⤋
I don't have a mortgage (I'm still in college) .
But I recently did a large project for my business math class about income and mortgage. It shouldn't be higher than 28% of your total income. Typically that is the max that banks allow for loans.
2007-05-24 16:13:22 · answer #2 · answered by qwerty 4 · 0⤊ 0⤋
Mine is 0%. Got my house paid off last year!
2007-05-24 16:06:53 · answer #3 · answered by milkman24_99 4 · 0⤊ 0⤋
150% is this a problem should I pack now ohh but I love it so here.
2007-05-24 16:08:16 · answer #4 · answered by Hey Moe 4 · 0⤊ 0⤋
Mine is 0%, paid cash..........Wife Rich...........Nuf Said
2007-05-24 16:07:03 · answer #5 · answered by Elo Fudpucker 5 · 0⤊ 0⤋