Many conforming mainstream loans have a maximum debt-to-income limit of 50%. Other mortgages, like FHA loans, have limit that is debt-to-income of%.

Which includes your mortgage payment!

So, in the event that you make $5,000 each month, your mortgage payment as well as your other debts cannot go beyond $2,500 (and, quite often, it cannot surpass about $2,150). Read more