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As a general rule, your consumer loan payments, not counting your mortgage,
shouldn't exceed 10% to 15% of your monthly take-home pay. Add in your
mortgage payments and your property taxes, homeowners insurance premiums,
and private mortgage insurance payments, and your total debt level generally
shouldn't exceed 36% of your monthly gross income. Run your monthly loan
payments through our Debt Level Calculator to see where you stand.
Print these results. We suggest that you use your browser's "Print"
function ("File --> Print" from the menu at the top of the screen)
to print the results of this calculator. Keep it together with the results of
other calculators in this workbook.
Next Step
Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (800) 369-2862. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. The Representative may also be a credit union employee that accepts deposits on behalf of the financial institution.
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©1997-2012 CUNA Mutual Group.
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