Around 40% of our total income.
However we pay $60per week extra to try and hammer this thing down (So the minimum would be less than 40%). It's so disheartening when you recieve your statement and see how much of your payments actually comes of the loan *Sigh*
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Results 11 to 20 of 28
15-01-2012 14:54 #11
15-01-2012 16:03 #12
we seem to be the minority - our mortgage is almost 100% of my wage which is over 50% of our combined wages.
15-01-2012 17:14 #13
about 40% of our income.Worth it tho IMO,and we are comfortable
15-01-2012 17:18 #14
15-01-2012 17:28 #15
About 50% of hubby's wage, so 47% of our overall income (I earn crap all).
15-01-2012 17:29 #16Senior Member
- Join Date
- Oct 2010
The mortgage will be 50% of my husbands wage.
I also earn a very similar wage.
Overall the mortgage will be 25% (maybe up to 30%) of our overall net income.
15-01-2012 17:34 #17
15-01-2012 18:17 #18
15-01-2012 18:36 #19
Our mortgage is 30% of our combined income.
It is daunting when you first sign up for it but after a few weeks you get used to having such an enormous debt and giving the bank so much money every week.
15-01-2012 18:54 #20
At 25% of total income, you have HEAPS of room to move to allow for rate increases.
Ours is 18% of total income. I don't really count it though cause the house is an investment property that pays for it's self. We currently rent till we move to MIL's before buying the 'forever house'.
Last edited by TripleTime; 15-01-2012 at 19:00.
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