Posted by admin | Posted in Uncategorized | Posted on 25-09-2005
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If you own your own house and have kids, could you tell me how much house I can afford?
I'm trying to buy a house with my fiance but not sure how much house I can afford because we want to have 2 kids and know that kids can be expensive. We have 60k to put down, make a combined income of 90k, and were looking at a house for around 300k? Could you tell me how much you spent on your house and how much you put down?
Never get a mortgage that is initially more than 2 years' salary for the two of you. That would mean that you should look at a house that is no greater than $200-$230K. I got a mortgage that was equivalent of 3 years' salary and the payments are more than uncomfortable.
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