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Old 05-21-2012, 03:16 AM
ggff000 ggff000 is offline
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Default does espp affect mortgage affordability amount?

I am starting to enroll employee stock purchase plan next month and this coincides with my effort on home loan mortgage process. Therefore I am wondering, where the contribution toward my espp participation will affect how much I can afford? This is important as I am putting as much as 10% of my paycheck toward the plan. Thanks!
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Old 06-20-2012, 09:02 PM
dnburgess dnburgess is offline
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Default Re: does espp affect mortgage affordability amount?

Yes. Your take home pay divided by your debt is what the underwriter will look at. You need to be under 43%.
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