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Reply to "Have 250K for downpayment, HHI~110K, how high would you feel comfortable going up?"
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[quote=Anonymous][quote=Anonymous]On an HHI of 110 that *might* go to 130, I'd keep my mortgage as low as possible. Maybe 350K? I would not go as high as you can. Instead, I'd try to go as low as you can. My spouse and I have an HHI of about 120K and we had 20K to put down. We bought a sfh for 170K. (not the DC area) I regularly thank my lucky stars that we didn't go as high as we could. Especially when property tax increase time rolls around. [/quote] If OP is in the DC area this is not realistic. I think $500k is more realistic, and reasonable. [/quote]
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