Consider your buying power Americans have been steadily reducing their debt load. Maybe you have, too. The lower your debt, the higher your buying power. Creditors will consider your debt-to-income ratio – how much debt you have, compared to your gross (before-tax) income. Experts generally agree that you can spend between 28% and 36% of your gross income in total debt service -- thats your housing expenses plus your other debt payments, says Glink.
Posted on: Fri, 25 Jul 2014 22:00:01 +0000
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