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(I have recently joined IQVIA bangalore. I will receive my first month salary on 25th this month. Payroll portal got just created for me. So, I opened.)
In my reports -> My current CTC section. It has details of Current annual & Monthly AGS. My question is what is AGS? It is showing half of my CTC. Should I raise this to HR or it is just something else. And where can we get the actual CTC reflection? Pls help. Thanks in advance.
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My very monetarily conservative parents always told me to make monthly payments a third of net income and not mortgage more than 3x your salary. However with 7%+ rates, it’s pretty damn difficult to follow this
Especially with home prices these days, that means that we can’t truly afford to buy a home until we make $300k/year?! My SO and I both have high-paying jobs in great careers and are so far from homeownership.
It depends on your other debt/spending. My lender recommended 33% gross but for your overall debt, not just mortgage, and won’t approve anything that would mean going above more than I think 40-ish% gross for overall debt. Also, just because you can get approved for a certain amount doesn’t mean you can actually afford comfortably.