In today’s episode of ALL IN Miami, we’re diving into one of the biggest questions buyers ask—especially first-time buyers or those eyeing a bigger upgrade:
“How much of my income should actually go toward my mortgage?”
We’ve all heard the classic 28/36 rule—28% of your gross monthly income for housing, 36% for all debts. But is that realistic in today’s Miami? With prices up, rates up, and income…well, not exactly keeping pace?
I break down the guidelines, share how they’ve evolved (or gotten ignored entirely), and talk about the difference between can afford and should afford. Plus, I’ll share some real-life buyer stories—like the couple who got pre-approved for $900K but bought for $640K…and now sleep like babies. 😴
We’ll talk:

• Gross vs. net income (and why you should care)

• Why lender pre-approvals often overestimate affordability

• When it’s smart to stretch…and when it’s a recipe for stress

• And how I coach clients to balance their dream home with their dream life
  

So whether you’re renting, buying, or refinancing—this one’s packed with perspective. Let’s talk about mortgage limits without the financial panic attacks.
If you ever want to buy or sell a property anywhere in the world, our team would be honored to help get you to your next destination.
Until next time, stay curious, stay hungry, and as always… stay ALL IN!
Amit Bhuta
COMPASS
ALL IN Miami Group
Licensed Real Estate Agent
(305) 439-3031 Mobile
ALLinMiami.com