How much money you make has no barring one ITDR. It makes no difference is you make 20k or 20M.
a good ratio to me is 65/35. That includes phone bills,cable bills, insurance ect.
Money that you have left over to do any damm thing you want to.
a good ratio to me is 65/35. That includes phone bills,cable bills, insurance ect.
Money that you have left over to do any damm thing you want to.
bigbet1234 said:
I think the debt to income can potentially be higher with a higher income. If your dti ratio is 50%, it still leaves you over $6k a month to buy grocery, food, clothing, utilities, entertainment ect. You shuld be living quite comfortably.
On the other hand, if you ar emaking $4.000 a month and have a dti of 50% and lenders are making mortgages like this all the time. I think you could be strapped at the end of the month. Not alot of cahs left over to enjoy life, try purchasing a less expensive house if possible.
If your debt to income ratio is at 50% your in great shape. It doesnt matter how much you have coming in, if things are close at the end of the month your in bad shape. Pay off those credit card bills first, then the car, then the insurance. I worked for a credit counseling agency so trust me I know. If you make 200K and only have $600 a month left over, you have no credit. Let me know if you need more info.
