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re: Mortgage Amount 2-2.5x Annual Income

Posted on 4/9/22 at 6:42 pm to
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124189 posts
Posted on 4/9/22 at 6:42 pm to
quote:

Curious as to what people are seeing with the rule of thumb. Over the last year it seems like more people are really stretching this to 3-4x annual income.
Depends on the monthly note. As rates rise, those multiples fall.
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