These folks often recommend a lower percentage of income for house payments, such as 25 %. (homebuyinginstitute.com)
Of those surveyed, 47 per cent correctly selected a range of 20 to 32 per cent of gross income for housing costs. (remonline.com)
The housing ratio of 28 % refers to the commonly accepted guidelines that recommend that a person should spend 28 % or less of their monthly income for housing payments. (loanbiz.com)