Up and Comer Wrote:
-------------------------------------------------------
> k6bdj Wrote:
> --------------------------------------------------
> -----
> > Your question cannot be answered with the small
> > amount of info you provided. Other questions
> that
> > will affect what you qualify for include:
> >
> >
> > $110,000 - before or after taxes?
> > what is your credit score?
> > Have you EVER defaulted on any loan?
> > How long have you been with your current
> > employer?
> > What is your previous work history?
> > Does your wife have debt?
> > What other liabilities do you have? child
> support
> > from a previous relationship, etc.
>
>
> -After taxes
> -800 Credit Score
> -Never Missed a payment
> - 2 years
> - Just got out of college a few years ago so I
> held part time jobs
> - Wife has zero debt but will would this matter
> even if she’s not cosigning?
> - No other liabilities
>
> I figure i’d have to move to PWC for a decent
> home for a decent price. Anything further south
> isn’t worth it imo.
calculate a simple payment schedule through an amortization table here:
https://www.bankrate.com/mortgages/
now, figure you're six months into this house and you lose your job. How long can you float on your savings? That's a timeframe you have to be comfortable with. Forget what you're approved for and be realistic.