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.
Your monthly mortgage payment and monthly debt loads must fall within certain percentages, in relation to your gross monthly income, in order to qualify for a conventional home loan. Your monthly mortgage payment, including taxes, insurance and other fees, cannot exceed 28 percent of your gross monthly income.