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Reply to "Can't afford private - taking out $800k mortgage - anyone else?"
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[quote=Anonymous][quote=Anonymous]$800K is a pretty big mortgage on $270 HHI. Our HHI is $230 and our mortgage is $450K and I wouldn't want more than that. Of course, YMMV but I would run the numbers and make sure you are comfortable. You will want to save for college etc.[/quote] I think the point is that if you go for the bigger mortgage you may not be able to save as much for college, however you'll have more equity to borrow against when college rolls around. [/quote]
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