Your gross monthly income is the pre-tax sum of all the money you earn in one month. This includes wages, tips, freelance earnings, and any other money you earn. If you only have an annual salary ...
This rule states that no more than 28% of your gross monthly income should go toward housing payments. That means if your pre-tax income is $7,000 per month, your monthly housing costs shouldn’t ...
Your DTI compares your total monthly debt payments to your monthly pre-tax income. In general, you shouldn’t pay more than 28% of your income to a house payment, though you may be approved with ...
When you retire, you will get a monthly income that can be used to support ... “Most pensions are funded with pre-tax dollars, which means you will be taxed when you receive income from it ...