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| Mortgage: How much is too much? http://www.hawthornevillager.com/phpbb/viewtopic.php?f=3&t=44857 |
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| Author: | silentjay [ Fri Feb 24, 2012 9:29 pm ] |
| Post subject: | Mortgage: How much is too much? |
Just a curiosity question. What is the maximum percentage of your monthy net income should a mortgage account for? All the doom and gloom of todays media has me at least considering scenarios in my head. Personally, I think we got a pretty good rate for a 5yr variable, went through some stress tests (eg. ability to carry the mortgage at a theoretical rate of up to 7.5%), but you just can't help but think about the future! |
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| Author: | Deep [ Sat Feb 25, 2012 12:25 am ] |
| Post subject: | Re: Mortgage: How much is too much? |
What was in today's media?? I haven't bothered to check... Personally, I never measured as percentage of income, just for me, $200K was my first mortgage, then when we moved, we combined some stuff and ended up with $230K. Now, 5 years later, we are $160Kish. I think if I had to stomach any more then $250K, I'd feel sick, but that's me personally... |
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