John H
|
67% to be precise and all through my own choice - I over pay to great extent, simply because I want this debt gone by the age of 38-39 and then I can spend the money on any future kids, holidays, the Mrs....... anything I want to really!!! |
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STEVEN R
 |
I pay 1 quarter of income in rent |
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phoneman10aw
 |
Mine is about 17%. A mortgage proffesional can help you. |
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Eddy T
 |
Normally,depends on the amount of the mortgage and the monthly instalments you have to pay. If the latter is 1000 pounds your income should be 3000 pounds or 1/3 of your monthly income. However, exceptions can be considered if you have other source of income or if you can support your request with a guarantee. |
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leambi
|
About 15% |
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wernerslave
 |
Because my income varries month to month I'd estimate 18 to 25%. That estimate also includes my water, trash, electric and gas too. |
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Butternut27
|
20% goes to the mortgage..... |
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sahil_criminal
|
approx. 15% |
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taz man
 |
10% |
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Wendy H
|
O we bought our house outright 5/6 years ago after paying what we thought was a huge mortgage for years but its nothing in comparison to what others pay now due to the increase in housing. |
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poppy
|
0% |
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Raknahs
|
If you are looking to apply for a Mortgage then the Debt to Income ratio for
* Conventional loans typically it is 28/36.
* FHA loans typically it is 31/43.
* VA loans typically it is one DTI of 41. (This is effectively equal to 41/41, although VA does not use that notation.)
For example the 28%(front ratio) in Conventional loan means that not more than 28% of your monthly income should go towards mortgage payments. The 36% (back ratio) means that your total monthly debt(including mortgage payments and other expenses) should not exceed 36% |
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Christopher B
|
Should be no more than 35% - including PITI (Payments, Interest, Taxes, and Insurance). This is one of the points that mortgage lenders look for. |
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Lot67
|
The rule of thumb is you shouldnt spend more than 28% of your annual income. So if you make $60,000 a year, your payments including principal,interest,insurance shouldn't be more than 1860 |
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fleshflayer
|
A fcuking shite load more than it used to, that's for sure. |
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