Reply to What is actually "conservative" for financing a home?

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[quote=Anonymous]Actually, I don't think that is a crazy mortgage.  However, the prepare for a rainy day/ nervous Nelly part of me says it's all about the financial cushion you have after the downpayment.  I imagine you can save a heck of a lot with no debt and a 240k income with a $2500/month mortgage.  It's just if something happens within the first year, say someone loses their job, or you have a kid and want to SAH or go down to part-time, having that cushion going in makes a difference.    Figure out from DH what he is worried about.  Does he think his job may move or go away and then he is locked in?  Can you run the numbers and show you could rent out the place to close to cover the costs if it came to that.  If you are trying to balance the downpayment and were planning on more than 20%, would holding back more for a cushion make him feel more comfortable? Is he seeing visions of the movie money pit and would a home warranty for the first year and getting the most thorough inspector you can find help alleviate that concern?

So no, it's not you but you need to figure out what is going on with him.[/quote]

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