an underwriter has indicated that my budget is unrealistic. ... - Zillow ...

Yea, I agree with wetdawgs. ?As a mortgage broker who dealt with underwriters at many different banks and lending institutions, I must say though that I never heard them use the term "unrealistic" when the client was spending too little... all you hear is Yahoo and clear to close! :)

It is a good idea to review your housing expenses and try to stay under 40% for everything including your Mortgage, Interest, Taxes, Insurance, and even think about your maximum electric, water and gas expenses, and your HOA or Condo fees if any. ?If you can get all of that between 35% and 50% of your household income, you should be ok.

? ... But it is wise to stay under 40% so you are not "house poor" with a big house and no money to furnish it or invest in other things.

Good Luck!
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Source: http://www.zillow.com/advice-thread/an-underwriter-has-indicated-that-my-budget-is-unrealistic-Does-this-mean-too-low-and-too-high/464413/

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