A guideline ratio for mortgage debt to income

Dear Dave,Do you have a guideline ratio for mortgage debt to income?Levon Dear Levon,When it comes to buying a home, I always tell people to get a 15-year, fixed-rate mortgage, with monthly payments that are no more than 25 percent of their take home pay. This type of mortgage is the only debt I don’t beat up people for having. Still, I urge folks to pay off these loans in less than 15 years. […]