WHAT PERCENTAGE OF YOUR NET INCOME SHOULD GO TOWARDS A HOME MORTGAGE?

Lets contend we have $5000 entrance in per month, how most is the protected volume to outlay upon the mortgage, whilst still saving the little for automobile payments, alternative loans, insurance, groceries, emergencies, etc? My father pronounced the 1/4 of your net income is the great thought per month to outlay upon your home payments…agree? disagree?

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One Response to “WHAT PERCENTAGE OF YOUR NET INCOME SHOULD GO TOWARDS A HOME MORTGAGE?”

ninfa July 5th, 2010 at 02:52

Your father is exactly correct! Listen to him! The people on here that recommend, 33% as a mortgage payment are also the ones who have contributed to the mortgage crisis in this country today! 33% of your net income is too much. It doesn’t leave you any buffer. If you are looking for the best home mortgage rates or want to reduce your mortgage loan payments, check out this site

http://Best-Mortgage-Refinancing. com

Here you can get free quotes from all available companies in your area. its the best way to find an affordable payment with a reliable company.

Hope this help,

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