Most lenders do not want mortgage payments to exceed ____ percent of your monthly gross income.
A)10-15
B)15-18
C)25-30
D)30-33
E)33-38

Question

Quizplus · Accepted Answer

In general, it is recommended that mortgage payments do not exceed 25-30% of your monthly gross income. This leaves you with enough money to cover other expenses and save for emergencies. While lenders may approve higher ratios, it is important to consider your overall financial health and ability to make payments comfortably. Therefore, option C is the best choice as it falls within the recommended range.

Most Lenders Do Not Want Mortgage Payments to Exceed ____