Debt

Started by Kimberly L.
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Kimberly L.

What should you debt ratio be when trying to get a house

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Melissa D.

I wasn't finding these metrics helpful, so I sat down and wrote out a budget that included anticipated costs of home ownership like setting aside money for repairs as well as my other savings goals and expenses. This let me see how much money I had in my budget that I could afford to put toward a home payment. Our comfortable level was about 33% but with the mortgage as our only debt. Long way of saying it depends on your budget. Take on what you're comfortable with, not what the bank will give you.

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Candace T.

i am trying the free financial counseling service offered here at saver life

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