Personally, I think it is best for the monthly mortgage payment not to exceed half of your personal income, which is around 50.

Mortgage is not the only expense in our lives. There are also daily water and electricity bills, rent, living expenses, etc., which all require a large amount of expenses. Some people who buy a car also need Gas expenses, etc., are all necessary every month. In addition, the clothes and cosmetics that girls need, and the tobacco, alcohol, and clothes that boys need, these all require a large amount of funds. If every month If the proportion of monthly mortgage payment is too large, it will greatly affect our quality of life.

Although it is said that there is motivation only when there is pressure, but when the pressure is too much, it may crush people. The monthly payment accounts for 50% of the income, and the remaining 50% is used for these expenses. It seems that as long as you budget carefully, you can still live a good life. If you are a little more frugal, you can save a sum every month to prepare for future emergencies.

The above is the situation of being single. If you are married and have a family, and you have no children, the monthly mortgage payment can be slightly higher, accounting for about 6% of your income. Ten is okay. During this period, if you put more pressure on yourself, you can still work hard for the sake of your family and future children. If you already have children, the monthly mortgage payment should account for 40% of your income. After all, the cost of children is a huge expense. If the proportion is too heavy, the remaining money will not be enough to spend.

Of course, the final monthly mortgage payment should be dealt with based on the actual situation and specific issues. After all, everyone’s situation is different. Those who have the ability can pay it off earlier, and those with less ability can spend more. The same goes for time and interest.