Using the 28/36 Rule to Budget for a Home

by amyc

The 28/36 rule helps buyers gauge affordability: spend no more than 28% of income on housing and 36% on total debt, though some lenders may allow more. 

Categories

Recent Posts

Help buyers look beyond rates
Help buyers look beyond rates
Realtors dive into ‘Clean Up Florida Waters’
Realtors dive into ‘Clean Up Florida Waters’
Affordability drives buyers toward suburbs, outer-ring communities
Affordability drives buyers toward suburbs, outer-ring communities
New construction tells different stories across Florida
New construction tells different stories across Florida
Young adults living at home need a path to ownership
Young adults living at home need a path to ownership
Crypto questions inch closer to real estate closings
Crypto questions inch closer to real estate closings
Fed uncertainty keeps housing market guessing
Fed uncertainty keeps housing market guessing
Transit access reshapes housing affordability math
Transit access reshapes housing affordability math
VA updates could help veterans buy and stay put
VA updates could help veterans buy and stay put
Average 30-year mortgage rate falls to lowest level in seven weeks
Average 30-year mortgage rate falls to lowest level in seven weeks

Share on Social Media

Michael Jackson, PLLC

Michael Jackson, PLLC

REALTOR® | License ID: SL3568184

+1(407) 230-5678

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Michael Jackson, PLLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.