Anonymous
07/28/2013 08:48
Subject: In what price range should we be looking?
Anonymous wrote:Former mortgage banker here. No more than $600,000 if you are putting the full $200,000 down.
Meaning $600,000 should be the maximum sales price. Mortgage should be no more than $400,000.
Anonymous
07/28/2013 08:43
Subject: In what price range should we be looking?
Former mortgage banker here. No more than $600,000 if you are putting the full $200,000 down.
Anonymous
07/28/2013 08:40
Subject: In what price range should we be looking?
Anonymous wrote:Anonymous wrote:On $180K I'd say get a $400k mortgage, no more.
That it silly low. More like 540k.
Hardly. $400k with property taxes will run you in the ballpark of $2500 a month. $180k, after taxes and 401k and such will net you in the ballpark of $9k. So I'm advocating spending in 25% to 30% range of your take home. That's about standard. We can debate $400k vs $540k (how oddly specific) but whatever your perspective $400k is not "silly low".
Anonymous
07/28/2013 07:24
Subject: In what price range should we be looking?
Move into the row house to avoid capital gains!
Anonymous
07/27/2013 18:14
Subject: In what price range should we be looking?
Anonymous wrote:On $180K I'd say get a $400k mortgage, no more.
That it silly low. More like 540k.