kelynaw
New Member

Home loans

Question if I'm putting an amount in the bank greater than what I would be planning on paying for a mortgage where do I live, unless I am mistaken monthly rent generally accounts for at least 1/3 of the average Americans income. So if I am paying say 875 for rent couldn't I put just an additional 400 in the bank for to show an ability to pay a 1200 a month mortgage?