Traditionally, the total monthly expenses should not exceed____ to ____of the borrower's gross monthly income.

Question

Quizplus · Accepted Answer

C) 28%-30% is the correct range traditionally advised for the total monthly expenses as a percentage of the borrower's gross monthly income. This guideline helps ensure that individuals have enough income left over for other expenses and savings after covering their housing costs.

Traditionally, the Total Monthly Expenses Should Not Exceed____ to ____Of

Traditionally, the Total Monthly Expenses Should Not Exceed to Of