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Reply to "Making 150k with mortgage of 550k?"
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[quote=Anonymous]That sounds high to me. We have similar income and have a $400,000 mortgage. On one hand, we're still a couple years from finishing paying off school loans and we're at the beginning of the daycare years, so that limited us. However, we have spent so much on various house projects and other issues, that I'm glad our spare cash will be available for more such projects, life expense, and savings once we're done. How project-oriented is the house? If you're paying that amount for something freshly renovated with few issues, fine, but look carefully at the house and yard and think about what you might like to do and whether the size of the mortgage might limit you in that regard.[/quote]
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