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Reply to "Making 150k with mortgage of 550k?"
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[quote=Anonymous]DH and I are in the process of buying a house after renting a small TH for 9 years. We finally have 20% saved up and want a place with good neighborhood schools for elementary through high school with a reasonable commute. We finally found a home that we plan on living in for many years for 685k. Is it crazy to have such a big mortgage? We have no other debt and we both have very stable jobs with pension plans. I spent last night reading through some older posts on mortgage amount and incomes on DCUM and it seems like most people who have a like sized mortgage make a considerable amount more money.[/quote]
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