Can I afford a house? | The 28/36 Rule Explained скачать в хорошем качестве

Can I afford a house? | The 28/36 Rule Explained

Title: Can I afford a house? | The 28/36 Rule Explained By: Dow's Stock Talk -------------------------------------------------------------------------------- Subscribe to My Channel For More Videos "Dow's Stock Talk" - Facebook -   / dowsstocktalk   Instagram -   / dowsstocktalk   Twitter -   / dowsstocktalk   ------------------------------------------------------------------------------------------------------ Like Custom Investing and Finance T shirts. This is for all big investing fans! Check out the store http://wallstreetshirts.com/​​​​​ Donation to help support the channel https://cash.app/$slimjimIII In the video I will be going on the 28/38 House Rule? The 28/36 Rule decide how much of your income should go toward your mortgage is to use the 28/36 rule. The 28/36 rule refers to how much debt you can take on and still be approved for a conforming mortgage, which is what you may think of as a "normal mortgage" that isn't backed by the government. One way to decide how much of your income should go toward your mortgage is to use the 28/36 rule. According to this rule, your mortgage payment shouldn’t be more than 28% of your monthly pre-tax income and 36% of your total debt. This is also known as the debt-to-income (DTI) ratio. The 28% Front-End Ratio The 28% number is also called the front-end ratio. It’s the total cost of housing divided by your total monthly income. Total cost of housing includes mortgage loan payment, interest, property taxes, insurance, and HOA fees, excluding utilities. The 36% Back-End Ratio The second half of the rule is the back-end ratio, also known as the debt-to-income ratio. This is calculated by taking your total monthly debt and dividing it by your monthly income. According to the 28/36 rule, lenders prefer the back-end ratio to be less than 36%. Intro 0:00 3:22 Example 5:20 Improve Amount Approved For 6:07 Nerd Wallet House Website 9:08 Nerd Wallet House Example Resources for Buying a House https://www.nerdwallet.com/mortgages/... https://www.nerdwallet.com/mortgages/... https://www.mortgagecalculator.org/ https://www.bankrate.com/calculators/... https://www.moneyunder30.com/home-aff... https://www.suntrust.com/resource-cen... ---------------------------------------------------------------------------------------------- Top Investing Apps Acorns-www.acorns.com (If you sign up for Acorns through my referral link. We both will get $5 to invest. https://www.acorns.com/invite/JSTPZW​... ------------------------------------------------------------------------------------------------ Robinhood:www.robinhood.com (Free) If you sign up for Robinhood through my referral link. You will get a free stock https://join.robinhood.com/amond​​​​​​​ ------------------------------------------------------------------------------------------------- WeBull:www.webull.com Limited time offer: Open an account with Webull and get a free stock! Fund it with any amount and get one more! https://a.webull.com/iq6KmqR8xHJsjRcbqu -------------------------------------------------------------------------------------------------- M1 Finance(Free) If you sign up for M1 Finance through my referral link. We both will get $10 dollars https://m1.finance/eAjFIN98lJHX​​ ---------------------------------------------------------------------------------------------- Stash:www.stash.com ($1 per month) If you sign up for STASH through my referral link. We both will get $5 to invest. https://get.stashinvest.com/amonfvewb​​ ----------------------------------------------------------------------------------------------- Like Custom Investing and Finance T shirts. This is for all big investing fans! Check out the store http://wallstreetshirts.com/​​​​​​ ------------------------------------------------------------------------------------------- Cryptocurrency App ------------------------------------------------------------------------------------------------------------------------------------ Coinbase You’ll both receive $10 in Bitcoin when they buy or sell $100 or more on Coinbase https://www.coinbase.com/join/dow_jc ------------------------------------------------------------------------------------------------------- Etoro We both get $50 https://etoro.tw/2RpSNO9 ----------------------------------------------------------------------------------------------------------- Voyager Download the app and trade $100 to get $25 of free Bitcoin. https://voyager.onelink.me/WNly/refer...