Hi Peter,

You should look at paying no more than 33-40% of your income for your housing payment, and that should include your principal, interest, taxes and insurance.

I notice you have asked 8 questions on Trulia. Are you working with any agent yet? Your agent should be able to answer all your questions. If you are still looking for an agent, I would be happy to help you. My office is in the Mission San Jose area.

Meena Gujral
Help-U-Sell Achievers Realty
40083 Mission Blvd
Fremont, Ca. 94539
510-279-9580

HI Peter,
What price range are you looking in? What types of expenses are you referring to? Taxes, etc...? Home improvement costs? Utlity costs? Home owner fees (if any)?

Being self-employed, lenders will work off of your "net" on Schedule C of your tax returns to qualify. While many lenders will allow you to qualify for a debt ratio of 45% (that is payment, taxes, insurance and interest, along with monthly payments to credit card, cars, etc), you may find it more comfortable to qualify at 41% or less. Mission San Jose is a very nice area, treasured for its community and schools. Nice choice.