foreclosures

[John S. Rabi]

quote:

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Originally posted by riverwolf
Two thirds? I was always under the impression it shouldn't be more than 45 % of your total income.

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In the "good old days" it used to be 30-35% but it totally got out of hand during "shady days" when anyone kicking could get a loan. While all lenders are different, the general guideline is 40% now.

Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
888.819.9669
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
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