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Home / Inside Tract / LendingTree analysis reveals where homebuyers are stretching to buy  (access required)

LendingTree analysis reveals where homebuyers are stretching to buy  (access required)

LendingTree has released a study on where homebuyers are stretching the most to buy a home. A well-known rule of thumb says that the home price should not exceed three times the buyer's annual income. When a mortgage is used to buy a house, the ratio of amount borrowed to income is the extent to which a borrower ...

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