Skip to content
Buying & Selling Real Estate

User Stats

36
Posts
17
Votes
Nathan Grubb
  • Kenosha, WI
17
Votes |
36
Posts

How to define 50% Rule

Nathan Grubb
  • Kenosha, WI
Posted Aug 23 2019, 15:37

I have a question about how we are defining the 50% rule. 

For most people I talk to in normal, non-forum life, "mortgage" refers to PITI.

When the 50% rule is defined as (gross - mortgage) x 0.50 = expenses, are you considering that variable of "mortgage" to be solely the principal, or the more colloquial "mortgage" of PITI?

Loading replies...