Mortgage Limit

[Alex Silang]

About a month ago I posted in the "Starting Out" forum about mortgage limits and got contradictory responses:

http://www.biggerpockets.com/forums/12/topics/105907-real-estate-limits

I've done some searching on the internet and am still unclear on what the right answer is.

I'm hoping this forum has more seasoned pros than the newbie forum so here goes:

Lets say a house has a monthly rent of $1000/mo while the PITI is $750. Is this good enough for a bank? Basically a wash.

Or are they going to take $1000 x 12 x 75%, add that to your other income to determine your total income. Then use a multiple of it to determine if you have passed your mortgage limit

Thanks!