if you are in europe, north america or australia, than your total expenditure on house should not exceed 30% to 35% of your monthly take, that is to say if you are paying 25% as rent than the mortgage repayment should be in the region of 10%, on the other hand if you are occupying the house on which you are paying mortgage than the mortgage amount can be higher at 30% so that you can liqudate your liability faster. in sum restrict the overall outgo on all house related payments to 30% or so. on the other hand if you are in rest of the world(other than from countries above) than the overall outgo be restricted to 25% level. wish you luck in your house venture.
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