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Forum Archive Index - February 2003

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Re: [sharechat] re:Housing

From:	"Michael Phillips" <michael.p@paradise.net.nz>
Date:	Wed, 26 Feb 2003 21:17:33 +1300

From: "John Ascroft"

> If nothing else, I think the rule should be that the mortgage is
> approx 2.5 to 3x your annual salary.

For a general rule of thumb I would concur with this as being a good
base point from which to start your calculations.  At the end of the day
it is the mortgage component of the total house price that requires
repayment.

Regards
Michael
===



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[sharechat] re:Housing John Ascroft

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