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Started By
Message
Why do they use gross monthly
Posted on 7/8/12 at 11:10 pm
Posted on 7/8/12 at 11:10 pm
Income for mortgage amounts?
Edited to not be attention whore
Edited to not be attention whore
This post was edited on 7/9/12 at 1:12 am
11
Posted on 7/8/12 at 11:11 pm to LordSnow
I wish we had a money board.
Posted on 7/8/12 at 11:14 pm to LordSnow
This is totally not a cry for attention
Posted on 7/8/12 at 11:15 pm to LordSnow
That way dumbasses buy houses that can't afford and they all default and we go into a massive recession.......
oh wait....
oh wait....
Posted on 7/8/12 at 11:15 pm to LordSnow
It's so ignorant 20-something plant operators buy shite they cant afford and remain in debt the rest of their lives while the man makes money from it.
Posted on 7/8/12 at 11:15 pm to LordSnow
monay monay monay....MONAY
Posted on 7/8/12 at 11:17 pm to LordSnow
All I know is you are supposed to keep your debt to income ratio below 30% or something like that.
If you house note is 30% (or less) of your monthly income, you probably are good to go.
If you house note is 30% (or less) of your monthly income, you probably are good to go.
Posted on 7/8/12 at 11:18 pm to LordSnow
Per your request, I looked at you.
Posted on 7/9/12 at 12:01 am to LordSnow
quote:
Income for mortgage amounts? This stupid calc says I can afford a 700k house. While I am OT rich I think this is way high. Why do they use this amount?
The real answer is because most cheat on their taxes, or at least write-off more than they should, so if they used net income no one would qualify. If nobody qualified the bank wouldn't make any money.
Posted on 7/9/12 at 12:04 am to LordSnow
quote:
This stupid calc says I can afford a 700k house.
Nice brag post.
Posted on 7/9/12 at 12:25 am to LordSnow
quote:
Lordsnow
Awesome bro, are you like famous?
Posted on 7/9/12 at 12:44 am to LordSnow
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