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Reply to "How much can we afford to spend on home?"
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[quote=Anonymous]Hi OP. In a similar boat. Our HHI is $260K, and the bank approved us for $1.2mil... We are currently renting as well, happily, and the idea of purchasing scares us a bit. We put our max at $750k, which would get us a home in Vienna in a good district. We don't want our expenses to be so high that if something happens to one of us it's more difficult to stay afloat. Figure out what mortgage number makes you most comfortable, and stick around there. You can always upgrade down the road if you want more house. [/quote]
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