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Reply to "found a perfect house but PITI would be 25 percent of our monthly gross income."
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[quote=Anonymous]Sounds like it could be a little tight to me. If everything continues to go perfectly, you'll probably be fine, but the job loss poster has a good point... how are things going to look for you if you are reduced to 1 income? Will you be able to absorb that easily? If you have healthy savings (e.g. 12 months of expenses readily available), I say go for it. If not, I'd recommend building up your savings more before extending yourself this far. [/quote]
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