Buying A Home
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Re: *** Sisugal***
Different sources give different recommendations. I like NET income better than GROSS since you cannot spend gross - only what you take home.
High cost of living areas are generally rated a bit higher 30-35% of net income.
Total debt (mortgage, car, SL, cc ) not to excees 45%. Best interest rates with low DTI ratio and CC less than 20% of allowable limit.
Much depends on the individual and their priorities and lifestyle. Some are willing to give up eating out and travel or other non essentials in order to have more house- others consider those things as part of their necessary activities.