"Your total monthly payment for housing expenses, which include mortgage principal, interest, taxes, and insurance (PITI), should not exceed 30-40% of your total monthly income."
Source: LASVEGASREALTOR.com
Tuesday, November 20, 2012
Financial Considerations
Before jumping into the investing or home-buying process, it is important to make yourself aware of the financial areas that should always be considered. Here's a helpful tip from the following article:
"Your total monthly payment for housing expenses, which include mortgage principal, interest, taxes, and insurance (PITI), should not exceed 30-40% of your total monthly income."
"Your total monthly payment for housing expenses, which include mortgage principal, interest, taxes, and insurance (PITI), should not exceed 30-40% of your total monthly income."
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