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Real Estate
Reply to "First Post -- How much house ($$$) can we afford??"
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[quote=Anonymous]So you make 125k (pp) and you are targeting homes around $350k. You are putting diwn 20% (about 70k)....so your mortgage on a 350k house would be 350-70 =280k. And 280k just happens to be between 2 and 2.5 times your income. SURPRISE! That's what I suggested tO OP....THE MORTGAGE should be 2 to 2.5 times income....not the purchase price.[/quote]
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