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re: What % of your income should your mortgage be?

Posted on 5/7/13 at 12:41 am to
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 5/7/13 at 12:41 am to
Live well below your means and you'll be happier.

Once I land a full-time job, our % with take-home pay INCLUDING taxes and insurance will be 17% (13% of take-home if you don't include taxes and insurance.)

Currently, it's 29% of take home.


Banks will use your gross when determining the amount they will loan you.
This post was edited on 5/7/13 at 12:43 am
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