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by judge2020
1203 days ago
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"was"? When? Federal DTI maximum for mortgages is 45% with a good credit score and/or cash reserves. For apartment complexes, they typically won't lease, or will require a bigger deposit, if your gross monthly income isn't 3x the rent (which typically means it's 40%+ of your net income). If 25% 'was' house poor, then at least 90% of today's mortgage-holding and rent-paying Americans are house poor. |
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