As a rule of thumb,your PITI costs shouldn't exceed ________ of your pretax monthly income.
A)8 percent
B)18 percent
C)28 percent
D)48 percent

Question

Quizplus · Accepted Answer

The recommended guideline for PITI costs is typically 28% or less of your pretax monthly income. Anything higher can indicate that you may be overextending yourself financially and may have difficulty making your mortgage payments in the long run.

As a Rule of Thumb,your PITI Costs Shouldn't Exceed ________