3 ms·
> General rule is that mortgage shouldn't exceed 30% post-tax This is where you went wrong. 30% rule is pre-tax (gross income): https://www.chase.com/personal/
by jannyfer 3y ago
> General rule is that mortgage shouldn't exceed 30% post-tax
This is where you went wrong. 30% rule is pre-tax (gross income):
https://www.chase.com/personal/banking/education/budgeting-saving/how-much-income-should-go-to-rent https://www.chase.com/personal/banking/education/budgeting-s...
https://www.cnbc.com/2020/09/10/always-use-the-30-30-3-rule-before-buying-a-home-during-pandemic-says-finance-real-estate-expert.html https://www.cnbc.com/2020/09/10/always-use-the-30-30-3-rule-...