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 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.