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When planning to buy a home, your monthly housing related costs should not exceed what percentage of your monthly gross income?

User Afser
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2 Answers

2 votes

Answer:

28

Step-by-step explanation:

User Frmsaul
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The answer to this would only be 28% of your monthly gross income. This should be the percentage that should go for the payments related to monthly housing. This is actually base on the 28/36 Rule. 28% should be the maximum and the 36% is on the total debt service. Hope this helps.
User Iker Solozabal
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