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Not including the mortgage- What do you think is a healthy debt to income ratio?


Asked by Erica_Smerica at 5:33 PM on Sep. 3, 2010 in Money & Work

Level 28 (34,798 Credits)
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Answers (10)
  • Zero!

    Answer by 1organicmom at 11:48 AM on Sep. 4, 2010

  • I work at a mortgage company and he files I review have to fall below 44% for conventional non government backed loans. In laymans terms the easy way to determine a healthy rent or mortgage payment is no more than one full weekly paycheck.

    Answer by rhonda111787 at 10:09 PM on Sep. 3, 2010

  • According to this website it's the following. The calculator can help you decide where your at.

    34% or below
    This is a healthy debt load to carry for most people.


    Answer by musicmom08 at 6:44 PM on Sep. 3, 2010

  • 0% would be the healthiest ;-)


    Answer by michiganmom116 at 9:44 AM on Sep. 4, 2010

  • ZERO!

    Answer by Melissa823 at 9:53 AM on Sep. 4, 2010

  • Ideally, it would be best to have no debt other than your mortgage. For most people, a third would be healthy so they could continue to beef up their savings and pay off everything early. Even something small like rounding up your mortgage ($1500 instead of $1423) helps to shorten the life of your loan.

    Answer by JulieJacobKyle at 11:28 AM on Sep. 4, 2010

  • Zero

    I have zero debt and it's the healthiest financial situation I've been in during my 47 years.. lol

    Answer by pixie_trix at 2:31 PM on Sep. 4, 2010

  • There is no such thing as healthy debt. Many mortgage payments drove the families literally out on the street when the recession hit and the economy ground to a slow crawl. I sure am glad that I don't have that payment hanging over my head or causing ulcers any more.

    Answer by michiganmom116 at 5:57 PM on Sep. 4, 2010

  • So rkoloms, if your mortgage takes up 50% of your annual income, or even 100% then it's still healthy?

    Comment by Erica_Smerica (original poster) at 5:02 PM on Sep. 4, 2010

  • A mortgage is the only healthy debt

    Answer by rkoloms at 3:20 PM on Sep. 4, 2010

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