What is the definition of Mortgage Is 45 Of Income?

Alright, let's dive into this mortgage magic number – "45% of income." Imagine your monthly paycheck is your trusty little piggy bank, and that's your income. Now, take that 45% and divide it by 100, then multiply by your monthly salary. Voila! That's your mortgage payment in dollars and cents.

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Here's a juicy, edgy example sentence: "The CEO of the real estate empire decided to mortgage 45% of his salary, which was $80k, so he could build an office for his 'eal estate of ideas'." Talk about taking a bold financial plunge!