Home Mortgage Useful Info

What is the 30% rule in the mortgage industry? | Home Mortgage Useful Info

The 30% rule advises consumers to spend no more than 30% of their monthly income on their mortgage or rent payments, leaving wiggle room in case of unexpected expenses, job loss, family planning, and other goals.

The 30% rule isn’t one-size-fits-all and is best viewed as a guideline. There are certain mortgage and other lending programs that may not fit precisely in this rule. Make sure to check with Bruce about program specifics available.

Do you want more help financing your new home or getting mortgage funding? Bruce is ready to speak with you. Call Bruce today at 321-460-6251 to get the conversation started! He is local to Central Florida – he works and plays right in Lake County, Florida.

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