Many people wonder how much debt is too much debt. It is truly a matter of perception. Banks will begin to consider you risky if you monthly debt minimum payments take up more than thirty six percent of your income. This would include your mortgage payment (or if you are renting your rent). The banks like you to stay within this amount, but is it truly in your best interest? At some point if you continue to borrow money, you will reach a point where it becomes extremely difficult for you to meet your monthly obligations. At this point you … Continue reading →