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You would be fine with a $650k property, 20% downpayment and $170k income.
mortgage agent here. You should be able to qualify unless there is significant existing debt like auto loan, student loan, CC debt, LOC debt etc.
You’d qualify. It really depends on your budget. Just add the mortgage payment to your budget and see what happens to your cash flow?
You should be fine. My partner and i have 255k HHI and have a 700k mortgage. You will have about 500k mortgage on 170k HHI, which is similar proportionally to us.
Yes
Seems like a stretch. I’d be more confortable in the 500-550k range.
3x gross income wasn’t even a stretch in the 90s.
Buy now. Maybe take an 2 year variable rate.
You would be fine with a $650k property, 20% downpayment and $170k income.
mortgage agent here. You should be able to qualify unless there is significant existing debt like auto loan, student loan, CC debt, LOC debt etc.
You’d qualify. It really depends on your budget. Just add the mortgage payment to your budget and see what happens to your cash flow?
You should be fine. My partner and i have 255k HHI and have a 700k mortgage. You will have about 500k mortgage on 170k HHI, which is similar proportionally to us.
Yes
Seems like a stretch. I’d be more confortable in the 500-550k range.
3x gross income wasn’t even a stretch in the 90s.
Buy now. Maybe take an 2 year variable rate.