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Day: May 3, 2024

Take-Home Pay on Mortgages: Americans Spend 30%

Take-Home Pay on Mortgages

In an era where financial stability is increasingly precarious, the burden of mortgage payments is a significant concern for many American households. Scout Lending’s recent analysis reveals a troubling trend: Americans spend 30% of their take-home pay on mortgages. This spending habit, which exceeds the threshold recommended by financial experts, signals potential financial distress and […]

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