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mortgage payment what percent of income

How Much House Can You Afford?: Mortgage Center - Yahoo ...
Your total monthly debt obligation should not be more than 36 percent of your gross income. Total debt includes the mortgage payment plus other obligations .
http://loan.yahoo.com/m/basics6.html

What percentage of your net income should go towards a home ...
What percentage of your net income should go towards a home . The people on here that recommend, 33% as a mortgage payment are also .
http://answers.yahoo.com/question/index?qid=20080229094728AA7GC6w

Step 1

Mortgage Basics, Ch. 1: Can you afford that house? Know debt-to ...
The maximum amount for monthly mortgage-related payments at 28 percent of gross income is $933. ($40000 times 0.28 equals $11200, and $11200 divided .
http://www.bankrate.com/finance/mortgages/how-much-house-can-you-buy--1.aspx

Step 2

What Percentage of Income Can You Afford for Mortgage Payments?
Sep 15, 2009 . This question often comes up among first-time home buyers: What percentage of my monthly income can I afford to spend on my mortgage .
http://www.moneyunder30.com/percentage-income-mortgage-payments

Step 3

Mortgages: How Much Can You Afford?
Nov 3, 2011 . The front-end ratio is the percentage of your yearly gross income dedicated toward paying your mortgage each month. Your mortgage payment .
http://www.investopedia.com/articles/pf/05/030905.asp

What Percent of Household Income Should a Monthly Mortgage ...
Calculate how much house you can afford. House image by Gonçalo Carreira from Fotolia.com. You may have saved money for your down payment, checked .
http://budgeting.thenest.com/percent-household-income-should-monthly-mortgage-payment-be-3501.html

Tips & Warnings

  • First-Time Home Buyer Tips - Income and Mortgage Size - Salary.com
    First-Time Home Buyer Tips - Income and Mortgage Size . It's not unusual for lenders to finance up to 95 percent of the purchase price, as long as the . rate but monthly payments will be higher (on average, about 27 percent higher than with .
    http://www.salary.com/first-time-home-buyer-tips---income-and-mortgage-size/

About the Author

Affordable Home - How Much Home Can I Afford? - How Much to ...
First, look at your monthly gross income, before taxes and contributions. . a front- end ratio, which is reflected as a percentage of your gross monthly income. . The back-end ratio reflects your new mortgage payment, plus all recurring debt.
http://homebuying.about.com/od/buyingahome/f/030508_Affordab.htm