Bar graphs are used to compare things between different groups or to track changes over time. However, when trying to measure change over time, bar graphs are best when the changes are larger. . . . an Area Graph. Area graphs are very similar to line graphs.
The typical bank limit on monthly mortgage payments is about 28 percent of your gross monthly income. Therefore, the bank thinks you can devote up to 28 percent of your household income to your mortgage payment and expenses (including taxes, insurance and association dues).
your payment on your first mortgage (including principal, interest, taxes, insurance and homeownerâs association dues, if applicable) is more than 31 percent of your current gross income; and. you canât afford your mortgage payment because of a financial hardship, like a job loss or medical bills.