We are at a little less than 2x my dh's salary - not counting any freelancing he does or any income from my business or any teaching I do. If I did my math right it is about 27% of his income - not counting insurance utilities etc. We will have it paid off within 18 years and we have "owned" it for only 4.

ours is 3.28 percent - but we just started over with a new mortgage 2 months ago. Like most we bought far under what the bank said we could qualify for. According to the bank we could have kept our old mortgage and carried this new one. I don't know what world they are living in...but there is NO WAY we could have done that! Talk about trying to keep people in debt - YIKES!

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Yep...ours is about 2x...and that includes the home equity line of credit we had to use when we found mold infesting our attic and had to have the entire top of our house ripped off last summer. I hate thate we used it, but we had no choice.

We are at 1.55% of our yearly income and 20% of our monthly take home. I've always thought our mortgage was high but it doesn't seem so bad when you look at it like that! The cost of living here is pretty decent as compared to other parts of the country. Our house was $136K but I hear that up north, a house like ours would cost between 4-500K. I think we'll stay put!

We make almost 100,000 a year together. OUr Mortgage is 150,000 and HE is 30,000, so maybe alittle less then 2 x our income. When we purchased I said that I'm not going above 200,000 and we didn't. We just switch to a 15 year mortgage and HE. I just want to get it paid off.

our income is about 45,000 a year and our mortgage is 114,000. when we lived in town our income was about 32,000 a year and our mortgage was 42,000. but we found this house and property for a great price adnd ecided to sell our other property and buy this ione. its a 2500sq foot home, with finished basement and finished attic, and 30 acres of property with 2 useable farm buildings. and fenced in property.its beautiful, and we got it for a great deal less than what it was worth.

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Kimberley

"there is nothing to worry about, just plenty to think about" from an episode of Extreme Makeover House edition

check out my blog:
http://mommysavers.com/boards/journa...owjournal&j=21

Wow, that sounds beautiful. I wonder if we should consider moving to an area with lower housing costs. This thread has really got me thinking about lowering that mortgage fast. It weighs way too heavily on us.

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Ours is 4x our income. we had soem money to put down due to the sale fo our other house, if we sell today we would make all our money back pluss about 100,000 profit. So it is tight, but worth it.
We bought a big house, since my Dh's fmaily is emigrating to the US soon, and will stay with us, till they get here, things are tight, but once they are here and paying us rent, it will work out.

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We buy things we dont need,
with money we dont have,
in order to impress people
we dont like?
(Ramsey, D)

ours is at about 1.5 so we are under 30% of our income..don't want to be living on the streets cause something happend and i could not afford my house.