Practical Money Skills for Life

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Debt Load

The 28/36 rule

Here's another rule that is used by mortgage lenders - the "28/36 rule." Your monthly household debt service should not exceed 28% of your gross monthly income. Your total debt service, including your house payments plus all other payments, should not exceed 36% of your gross monthly income.

Learn It
	What is debt load?
	The 28/36 rule
	More to think about
	Warning signs

Do It
	Are they in trouble?
	Cost of credit calculator
	What happened?
	Debt loads

Use It
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