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Reply to "How much mortgage can we afford?"
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[quote=Anonymous][quote=Anonymous]I would advise that you rent a cheaper place and save up for a DP. Aim to get a job not in an expensive city center (Tysons, Columbia, Baltimore). Save save save and in a few years, have a sizable DP on a nice house that is 900K as opposed to 1.5M. [/quote] In what world is Tyson’s not expensive? Some of you are really out of touch. Rents are very high. There is no cheap rental. I own a few rentals and they are small older townhouses. Rent for those is 3k/mo on average. Only a few hundred bucks cheaper than if you purchased the same house with 20% down. [/quote]
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