This topic contains 4 replies, has 4 voices, and was last updated by Anonymous 7 years, 11 months ago.
- February 8, 2011 at 9:33 am #411426
Not enough information to really tell.
The rule of thumb is that a mortgage shouldn’t exceed 2x to 3x your gross annual income which is $ 140,000 to $ 210,000.
Really the rule is the mortgage can’t exceed 28% of your gross income and all debt payments shouldn’t exceed 36% of your gross income (this is why we don’t have enough info – you might have a lot of other debt). Total mortgage payment includes taxes and insurance, too – which we don’t know about because we don’t know where you live (I’ve seen real estate taxes vary from 0.5% per year to 4.5% per year – big difference).
- February 8, 2011 at 9:50 am #411427
Ohh..you are doing good…but, can’t tell from the information you gave. But with your credit score and what you make a year. You should be able to get what you want. :0)
- April 16, 2011 at 1:41 am #198827
…reporting agencies? Will my score increase or go down?
- April 16, 2011 at 5:42 am #256719
paid on time not much change. paid 30 days late a drop of 60 -100 points is not uncommon
- April 16, 2011 at 6:13 am #256984
Depends on WHAT the morgage lender reports.
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