Anonymous
Post 12/29/2015 16:55     Subject: 900k house on 300k income?
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Ump wait until my da dDdy gets 2 be pre si de nt
Anonymous
Post 12/16/2015 15:48     Subject: 900k house on 300k income?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Are you bragging or just bad at math?


Are you jealous or just a bitch?


Are you just a bitch or a jealous bitch?


I'm a lover I'm a saint.
Anonymous
Post 12/16/2015 10:23     Subject: Re:900k house on 300k income?
Anonymous wrote:
Anonymous wrote:FYI - if you have kids, decide to pay for a nanny, and like to eat out, it gets tighter. Otherwise it is fine.


This. We have the same income and bought a 750K house.


OP already stated no kids and no plans for kids.
Anonymous
Post 12/16/2015 08:59     Subject: Re:900k house on 300k income?
Anonymous wrote:FYI - if you have kids, decide to pay for a nanny, and like to eat out, it gets tighter. Otherwise it is fine.


This. We have the same income and bought a 750K house.
Anonymous
Post 12/16/2015 06:49     Subject: Re:900k house on 300k income?
Anonymous wrote:
Anonymous wrote:You need a plan to prepay enough in first few years to get out of PMI, since that is money down the drain.


Plenty of loans out there for 10% down and no PMI.


This.
Anonymous
Post 12/15/2015 23:58     Subject: Re:900k house on 300k income?
Anonymous wrote:You need a plan to prepay enough in first few years to get out of PMI, since that is money down the drain.


Plenty of loans out there for 10% down and no PMI.
Anonymous
Post 12/15/2015 23:28     Subject: Re:900k house on 300k income?
You need a plan to prepay enough in first few years to get out of PMI, since that is money down the drain.
Anonymous
Post 12/15/2015 23:13     Subject: Re:900k house on 300k income?
FYI - if you have kids, decide to pay for a nanny, and like to eat out, it gets tighter. Otherwise it is fine.
Anonymous
Post 12/15/2015 07:01     Subject: 900k house on 300k income?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Are you bragging or just bad at math?


Are you jealous or just a bitch?


Are you just a bitch or a jealous bitch?


There's an echo in here.
Anonymous
Post 12/14/2015 22:18     Subject: 900k house on 300k income?
Anonymous wrote:
Anonymous wrote:Are you bragging or just bad at math?


Are you jealous or just a bitch?


Are you just a bitch or a jealous bitch?
Anonymous
Post 12/14/2015 22:14     Subject: Re:900k house on 300k income?
I also wonder about the 10 percent down if you have a 300k income. How is it that you've only saved 90k? Have you paid down a lot of debt in the past or are your monthly expenses high?
Anonymous
Post 12/14/2015 22:10     Subject: Re:900k house on 300k income?
Just make sure your monthly housing cost is less than 35% of net pay. Net pay after retirement contributions of course.

How I calculate Monthly Housing cost = mortgage+taxes+estimated utilities+Repairs((1%*home value)/12 months))
Anonymous
Post 12/14/2015 14:15     Subject: 900k house on 300k income?
Totally fine.
Anonymous
Post 12/14/2015 14:09     Subject: 900k house on 300k income?
Anonymous wrote:We have that income and a 900k mortgage, it is NBD. But, like anything, you should look at what your typical monthly expenses are and how much the mortgage would eat into things. There are calculators you can use to determine what your monthly payment will be.


I found a Zillow app that lets me play around with numbers to see what the payments would be at different prices and with different percent downpayments. We currently spend a lot of disposable income on eating out/bars/and clothes. That would definitely have to be cut back with a higher mortgage payment.
Anonymous
Post 12/14/2015 14:06     Subject: 900k house on 300k income?
We have that income and a 900k mortgage, it is NBD. But, like anything, you should look at what your typical monthly expenses are and how much the mortgage would eat into things. There are calculators you can use to determine what your monthly payment will be.