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โ€œUnlock the secret to a solid mortgage with the 28/36 rule! ๐Ÿก๐Ÿ’ก 1. **Calculate the 28%**: Your monthly mortgage payment shouldnโ€™t exceed 28% of your income. Example: $5,000 per month -> $1,400. 2. **Assess your total debts**: Ensure your debts, including the mortgage, donโ€™t exceed 36%. Example: $5,000 per month -> $1,800. 3. **Practical example**: If you earn $5,000, your mortgage payment shouldnโ€™t go over $1,400, and total debts, $1,800. Remember, some lenders allow up to 55%. Find your financial balance for a successful mortgage journey! ๐Ÿ’ฐโœจโ€ Comment below โฌ‡๏ธ โฌ‡๏ธโฌ‡๏ธ ๐Ÿ’ก๐Ÿ’ก๐Ÿ’กFloow and share โœ…โœ…โœ…โœ… ๐Ÿ”‘DM me to start your home search โญ๏ธ Follow jonathan.vazquezr โญ๏ธFollow jonathan.vazquezr Click the link on my Bio ๐Ÿ‘†๐Ÿป #realestate #realestateagent #floridarealestateagent #floridarealestate #floridarealtor #movingtoflorida #floridahomes #florida #orlandorealtor #buying
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