Jim Probasco on Muck Rack

Jim Probasco

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Kettering
As seen in: MSN, Business Insider, Forbes, MSN India, TIME, TIME Stamped, Aol, Yahoo Finance, Associated Press, Chicago Tribune and
Freelance writer/editor, fisherman, grandpa, retired educator.
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Articles

What is the 28/36 rule for home affordability?

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By Jim Probasco Verified
| New Hampshire Union Leader Verified
“HOW MUCH can I afford to pay for a house?” It’s a question all hopeful homebuyers ask themselves. Coming up with a monthly payment that works for you might be easy — simply subtract your monthly expenses from your gross monthly income. Unfortunately, that number might not align with the amount of money a bank will lend you. That’s because banks and other lending institutions have a formula they often use to determine what you can afford: the 28/36 rule. What is the 28/36 rule?
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What is the 28/36 rule for home affordability?

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By Jim Probasco Verified
| Texarkana Gazette Verified
"How much can I afford to pay for a house?" It's a question all hopeful homebuyers ask themselves. Coming up with a monthly payment that works for you might be easy -- simply subtract your monthly expenses from your gross monthly income. Unfortunately, that number might not align with the amount of money a bank will lend you. That's because banks and other lending institutions have a formula they often use to determine what you can afford: the 28/36 rule. WHAT IS THE 28/36 RULE?
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What Is the 28/36 Rule for Home Affordability?

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By Jim Probasco Verified
| The Epoch Times
By Jim Probasco Bankrate.com “How much can I afford to pay for a house?” It’s a question all hopeful homebuyers ask themselves. Coming up with a monthly payment that works for you might be easy—simply subtract your monthly expenses from your gross monthly income. What Is the 28/36 Rule? This rule of thumb dictates that you spend no more than Unfortunately, that number might not align with the amount of money a bank will lend you.
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