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Reply to "At what point would a $6000 monthly mortgage make sense?"
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[quote=Anonymous]I think that's ridiculous. For a 1.2 million dollar home, I would try to save more to bring down that payment. A lot of that is interest, and what if one of you loses your job. Can one person swing that mortgage??? Our determination of how much we would buy is what we can comfortably afford on one salary. This is why we bought a 600k house. And even with that, we put down well over 20% to bring down the mortgage payment. I would NEVER want to be house poor. This is why people get starter homes...[/quote]
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