Answered

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To avoid financial worry, keep the cost of housing (including mortgage, interest, insurance, and property taxes ) below_______of pre tax income.

A. 05%
B. 28%
C. 50%
D. 15%

Sagot :

daymi13
pretty sure it’s D.

All the housing costs which include (mortgage, interest, insurance, and property taxes) should be below 28 percent of pre-tax income to avoid financial stress.

What is the 28% rule?

The 28 percent rule states that your house payment, including property taxes and insurance, should not exceed that percentage of your monthly gross income.

This is also known as a decent general guideline for mortgage payments or a safe mortgage-to-income ratio.

Therefore, Option B. 28% is the correct answer.

To learn more about the 28% rule, refer to the link:

https://brainly.com/question/26173267

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