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[quote=Anonymous][quote=Anonymous][quote=Anonymous]7k may be a third of their take home but taking out such a large mortgage is foolish. It means you are slave to your job and dependent on a high income to maintain your lifestyle. We make the same income and our mortgage is 3500. But we don't have mommy and daddy to bail us out.[/quote]

[b]For real. This is why we’ve never taken out a big mortgage. We’ve used our big income to drive out mortgage down. We could take career risks due to easily being able to live and save on one income when needed. [/b]

It’s a really nice feeling sitting here at age 45 getting a bit sick of working. I’m not trapped in a guilded cage. As a matter of fact my employer is trying to force be back into the office 3xs a week and I’m dug in refusing more than 1 day. I’m thinking they are welcome to fire me. We are in a Mexican stand off and I’m not backing down. Could never do this if I needed this job to pay my bills. [/quote]

I understand this approach but not sure it’s best.  The large mortgage can be a ball and chain, but it’s in OP’s best interest to keep working in a high paying job.

Back in the day we bought a starter home we could afford one one salary.  Except both spouses continued working and earnings increased. We made less equity than if we’d bought at the top of our budget.  Then we had to spend thousands selling the starter home and buying another house.  We thought we were being smart financially but really it limited us.

OP is likely going to continue working and so will his or her spouse.  They even have grandparents to pay for the nanny.  They probably locked in a low rate and we’ll likely have confined inflation for quite some time.

OP need to buckle down the next few years and keep at it.  [/quote]

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