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Reply to "Making 150k with mortgage of 550k?"
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[quote=Anonymous]If the house is done and doesn't require a lot of expensive remodeling AND if the house is not at the very top of the neighborhood prices, then yes, go for it. With these low rates, I think it really is worth overextending yourself just a bit in order to get the long-term house that you can grow into and be happy with for the long-term. If you sacrificed and got something cheaper that wouldn't work long-term, you might never get the opportunity to buy the more expensive house at the cheap price as today. The budget won't be tight by any means, but you won't feel cash rich either. [/quote]
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