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Reply to "Making 150k with mortgage of 550k?"
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[quote=Anonymous]I would do it. When we bought our first place, our mortgage was roughly $3300 all in with PITI and we made much less than $150k. We were both on Fed ladders so knew our income would increase substantially. We didn't have kids and lived very frugally as our incomes increased and also refinanced twice which eventually brought it down to $2400 a month. Especially since you can use the public schools and won't have to additionally stretch for private. We just sold our old place and bought a new one with a much bigger mortgage that will still cost us less than our old mortgage plus private school, which is what we were facing in our old place.[/quote]
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