Home › Forums › Closed Forums › Buying and Selling RE › Getting harder to qualify for mortgage loans… › I have to admit, I don’t
I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)
25% taxes 35% savings 15% rent 25% other expenses
Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.
