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Going to B-school is hard enough; we made finding an MBA student loan easy with this in-depth review of the best private lenders offering low-interest financing.

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A lot of different “rules” are passed around regarding the size of a mortgage that a person or a family should take out in order to afford a home.

One common one I see and hear repeated is that you should never take out a mortgage that has a value of more than twice your annual income. From what I can tell from my research, this one originated in the book The Millionaire Next Door by Stanley and Danko.

Another “rule” I’ve seen on this subject is that you should never obtain a mortgage with monthly payments that exceed 25%/28%/30%/32% of your monthly household take-home. The percentage tends to vary quite a lot.

I think both of these rules make sense in different ways.

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The post Here’s How to Ask for a Raise During the Pandemic appeared first on The Simple Dollar.