Reply to How much to expect to spend on a new house?

Forum Index » Real Estate

Reply to "How much to expect to spend on a new house?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]DW and I both work and we got a mortgage that we could only swing with both incomes and are now feeling some stress related to it.  We do, however, have additional assets that we could put into the house to decrease the mortgage, if the stress gets too much.  It's just with such low interest rates, it seems to make sense to keep those assets elsewhere.

In our ideal world, we would have bought a home that was $100k-$150k less than what we did.  However, at the end of the day, we found a slightly bigger house walkable to the metro and decided to pull the trigger because we didn't want to outgrow the house and have to pay double realtors' commissions, taxes, etc.

As PPs have noted, to answer your question better, we would need to know where you are looking and how much you have for a down payment.  In addition, it also would help to know if the two salaries are the same or far apart, since it may be much easier for you to get a mortgage for a house you want on a single salary if one of them is 200 or 250 than if both are 150, etc.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics