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Reply to "$450k condo on $110k salary"
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[quote=Anonymous]Sounds like you are doing well and are relatively conservative financially so I think you will be fine. I had a $450k mortgage on about that income when I bought my first home. It was a little tight, but I figured it out and my income grew over time. I think you will be fine. You can always refinance into a 15 year later or you may end up moving if your income keeps increasing and you outgrow the condo. I went with a townhouse though since I did not like the idea of paying really high condo fees. I got three times the space for about the same monthly payment since the HOA fees were miniscule in the TH vs. the condo fees.[/quote]
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