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).
Historically, standard mortgage underwriting guidelines set maximums for both the ratio of housing. expense-to-income (typically 26 to 28 percent) and the ratio of total recurring debt and housing costs. to income (typically 33 to 36 percent). Fannie Maeâs current standard underwriting guidelines do not.