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What is the “normal” ratio of mortgage loan vs annual income?
Posted on 2/22/21 at 5:57 pm
Posted on 2/22/21 at 5:57 pm
I’m about to jump into a mortgage that is roughly 2.3 times what I bring in annually. Am I “OK” at this rate or am I forcing myself into a tough situation?
Additional info...
Single income
3 kiddos
Other than mortgage, bills/other debts are typically 23% of income
Appreciate any advice, TIA.
Additional info...
Single income
3 kiddos
Other than mortgage, bills/other debts are typically 23% of income
Appreciate any advice, TIA.
21
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