3 ms·
28-30% of monthly income is one of the ratios that is looked at when you apply and you can't exceed it if you're trying to get a mortgage. If you exceed that i
by pfarnsworth 10y ago
28-30% of monthly income is one of the ratios that is looked at when you apply and you can't exceed it if you're trying to get a mortgage. If you exceed that it's a no-brainer that you will get denied the mortgage.
- deleted 10y ago[deleted]
- eloisant 10y agoFrom my experience that 30% is strict when you have low income (because you don't have much left-over) but for high income you can go a bit higher. But it might depends on the country and stuff.