[quote=temeculaguy]One of the reasons it doesn’t factor it in is because the qualification percentage is based on GROSS income. The formula has been used for a long time and is time tested for repayment success. …
…. Try and stay under that number by either waiting for your income to rise, the price of the house to fall or look for a cheaper house.[/quote]
TMG, you are exactly right, and this has been our plan. We have no problem qualifying, but as we all know it was “qualifying” but not truly being able to afford that got the world into the mess it is currently in. I’m just incessantly running numbers.
