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re: What % of your income should your mortgage be?
Posted on 5/7/13 at 9:17 am to dewster
Posted on 5/7/13 at 9:17 am to dewster
quote:It really varies with income. 35% of take home pay when you only make 50k gross leaves you pretty cash poor. 35% of 150k gross and you are still doing okay.
35% is flirting with "house rich, cash poor" to me to be honest. I'd stay under 30%.
My mortgage is just less than 20% take home(wife and mine), and I wouldn't go above 25% unless I had a very nice nest egg.
This post was edited on 5/7/13 at 9:19 am
1
Posted on 5/7/13 at 9:31 am to LSUAfro
Mine is 11% of our combined income 
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