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Real Estate
Reply to "Would you take a $950k mortgage on 300k salary?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI is $17,500 and PITI would be $7,700 (monthly for both).[/quote] No. Hell no. [/quote] my HHI is 25k and my PITI is around $4,300 and super tight. Look water heaters break, roofs leak, kids need braces, car breaks down, college tuition bills. I cant wait to pay off mortgage. My property tax and home insurance is shooting up every year that is enough of a burden. My homeowners went up $3,000 a year since bought house in 2017 and property taxes up also around $3,000 a year. that monthly payment is up $500 a month in 8 years. That $7,700 will be pushing $9,000 in a ten years. [/quote] This, OP. Unless you have financial assistance from your parents, I wouldn’t do it. [/quote]
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