Ask Question
11 December, 05:15

Many conservative consumer advocates said you should not pay more than 25% of your TAKE-HOME PAY on a mortgage payment

A. True

B. False

+5
Answers (1)
  1. 11 December, 05:27
    0
    True

    Explanation:

    There is a general consensus that one has to be very conservative and avoid spending more than 35 percent of pretax income on home insurance payment, property tax, and mortgage. However the conservative model clearly suggests that mortgage payment should not exceed 25 percent of take-home pay and any mortgage loan should not exceed a 15 year tenure.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Many conservative consumer advocates said you should not pay more than 25% of your TAKE-HOME PAY on a mortgage payment A. True B. False ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers