Homeowners & Renters...payments?
I have a question for the homeowners and renters
How much of your take home (i mean after taxes, before bills and deductions) are your house payments/mortgage?
Now the same question for the renters.
Just wondering what should your ratio be from your pay to your mortgage. Also i may be hitting some of you guys for home ownership advice and ideas
hnoes:
<--airon frighteningly thinking about his future :eek3:
How much of your take home (i mean after taxes, before bills and deductions) are your house payments/mortgage?
Now the same question for the renters.
Just wondering what should your ratio be from your pay to your mortgage. Also i may be hitting some of you guys for home ownership advice and ideas
hnoes:<--airon frighteningly thinking about his future :eek3:
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"Dreaming is how the strong survive....."
"Am I dying to live, or living to die?"
"Dreaming is how the strong survive....."
"Am I dying to live, or living to die?"
Well in order to get approved on a lease/mortgage you would have to clear 3 times what the monthly payment would be....I think. I know that's how it is for a rental agreement.
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Team B.O.B.® - Ballaz on a Budget
2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
Team B.O.B.® - Ballaz on a Budget
Paid for outright 
When I was renting I was paying $900 a month and bringing home about $2600 a month.
So that makes it about 1/3 of my check give or take.

When I was renting I was paying $900 a month and bringing home about $2600 a month.
So that makes it about 1/3 of my check give or take.
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"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
Originally Posted by rich
hmm...my rent (minus utilities) is 20% of my monthly net income
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"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
Originally Posted by Nightshade
You need to rent a more expensive place then 

:rick:
__________________
2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
Team B.O.B.® - Ballaz on a Budget
2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
Team B.O.B.® - Ballaz on a Budget



rick has seen my place, it's pretty nice