If you are one of the NFL players whose career lasted long enough to qualify for NFL pension benefits you will need to decide when to begin drawing your pension. Although the NFL retirement plan defines normal retirement age as 55 years old, many players begin drawing their pensions early.
The standard industry recommendation for mortgage payments is that no more than 28 percent of your gross income should go to your monthly payments. To calculate this, simply multiply your annual, gross income by .28 and divide by 12.
the mortgage can be no more than 26% of your monthly income. the total mortgage plus all other expenses (credit cards, auto loan, etc.), can not exceed 35% of your monthly income. and, the more you put down the more likely someone will give you a loan, but you can put as little as 5% down, and sometimes none.he mortgage lender does not need to be local, but local bank giving the loan is better in some cases; if you have been with a local bank that's giving you the mortgage for multiple years and they know you, then it matters.