LogFAQs > #933641054

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Topic	How much of your paycheck (biweekly) should your rent cost?
Moonroof 01/29/20 10:26:56 AM #17:	Corrik7 posted... This is a dumb topic. Who cares how you get your paychecks. The question is what % of your income should go to housing. Most banks say around 40% or less when you apply for mortgages. Yes, but housing cost is typically divided monthly. Rather than divide your income by 12, I find it easier to compare paychecks. Same destination, friend. <cite>Moonroof posted [p:933641054] in How much o... [t:78367362]...</cite> <quote>Corrik7 posted... </cite> <quote>This is a dumb topic. Who cares how you get your paychecks. The question is what % of your income should go to housing. Most banks say around 40% or less when you apply for mortgages.</quote> Yes, but housing cost is typically divided monthly. Rather than divide your income by 12, I find it easier to compare paychecks. Same destination, friend. </quote> ... Copied to Clipboard!
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