[Alantin]

calculation in mortgage, does anyone know? Cuz I don't.? I really need to know if you do, can you enlighten me with this? It is asking me to Suppose that in order to qualify for the loan, the total monthly payment cannot exceed 30% of monthly income. What is the minimum monthly income needed to qualify for the loan? What is the minimum annual income needed? This is a simplified minimum income requirement calculation. Oh and by the way my monthly payment on this so called project is (ha ha) $5,595.11.

[pullmyefinger]

i heard 28% of monthly back when i bought my house 17 years ago.what a big surprise.. if the percent goes up then the house's value that you can buy goes up and so does the associated interest payment on the Unpaid Balance that the banks are licking their chops about...