Reply to Would you take a $950k mortgage on 300k salary?

Forum Index » Real Estate

Reply to "Would you take a $950k mortgage on 300k salary?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote]
Wow these threads are from another planet for me. We are the opposite extreme I guess. 250hhi and we bought a 460k house in 2019 with a 15 year 4% mortgage. We are fine and on track but jeez not like we are swimming in extra cash. [b]We do have three kids.[/b] No idea how people make those numbers work. I would be so stressed out. I doubt my marriage (or sanity) could survive that stress. We bought way further out (Anne arundel) for gs 9 schools but a very humble house. We do have friends that went the NW/rockville/bethesda route for close to this. They seemed to make it work but some weren’t thrilled with the public schools and couldn’t afford private options. At the end of the day it probably doesn’t matter too much as long as you guys are happy.[/quote]

You did the right thing for you. We don't know how many kids the OP has. I would not take out a mortgage like that unless I could still max out my 401K, build up a Roth and still have enough for a life I would enjoy. Maybe the OP has very stable job situation that comes with a nice pension. Who knows? If the OP is retired military and in a secure job, that means a lot as far as steady income, health benefits, free college for kids, 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