Lenders usually don’t want you to spend more than 31% to 36% of your monthly income on principal, interest, property taxes and insurance.
For example, if your total monthly income is $7,000, your housing payment shouldn’t be more than $2,170 to $2,520.
As of October 16th, 2022, this rule will still apply.
What is considered rich in Houston?
5 million dollars is the amount of money that Houston residents say one needs to have in order to feel financially comfortable, according to data released by Schwab’s Modern Wealth Index. 6 Aug 201 To be considered wealthy, Houston residents say that one needs a net worth of 5 million dollars.
Whats a high salary in Houston?
While ZipRecruiter is seeing salaries as high as $125,244 and as low as $18,447, the majority of salaries within the Well Good jobs category currently range between $33,495 (25th percentile) and $62,622 (75th percentile), with top earners (90th percentile) making $93,205 annually in Houston.
Is 100k good salary in Houston?
According to a recent study, Houston ranks No. 9 on the list of cities with the most take-home pay on a $100,000 salary.
This is despite a relatively high housing cost in the city.
As with most cities in the top 10, Houston benefits from the lack of state income tax.
What part of Houston is safest?
Midtown is one of the safest neighborhoods in Houston.
Westchase is also a safe neighborhood in Houston.
Spring Branch is another safe neighborhood in Houston.
Sugar Land is a safe suburb of Houston.
League City is another safe suburb of Houston.
Fulshear is a safe suburb of Houston.
I’m Brendan Rivers, and I love all things real estate. I live in sunny Los Angeles and work as a real estate expert. I enjoy helping people find their dream home, and I love everything about the process of buying and selling property.
I’m originally from Boston, and I love spending time with my family and friends there. When I’m not working or hanging out with loved ones, you can usually find me at the beach or exploring new parts of LA.