Mortgage payments should not amount to more than 28% of your net income.

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This is a general guideline used by lenders to determine if a borrower can afford a mortgage payment. It is recommended to not exceed 28% of your net income to avoid being overburdened with debt. However, this is not a hard and fast rule and individual circumstances may vary. It's important to consider other expenses and debts before determining what you can afford to pay towards a mortgage.

Mortgage Payments Should Not Amount to More Than 28% of Your