Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
As a proportion of thier combined income, how expensive a house a couple can afford?
Ffr example: Equal to one year's salary one and a half or two years' etc.
3 Answers
- NCLv 71 decade agoFavorite Answer
This is not the way it works. The value of the house is important, but so is the interest rate. The (somewhat flexible) rule of thumb is, the monthly mortgage payment (which is determined based on both the amount of the loan and the interest rate) should not exceed 30% of the couple's pre-tax income.
- MannyLv 61 decade ago
There are plenty of calculators available for this, and it will give a fresh look at finance.
In general, banks will get pretty scared if your mortgage starts approaching 25% of your gross monthly mortgage. However, that figure varies based off whatever else you have going out, like: Car loans, Credit Cards, Student Loans, and the like.
- 1 decade ago
I suggest going to www.bankrate.com. They have good calculators for your sort of question.
