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Is our potential mortgage loan living beyond our means or just foolish in this current market? Any advice welcome!
Is our potential mortgage loan living beyond our means or just foolish in this current market? Any advice welcome! We are relocating to Houston and are considering purchasing a house: $537K with $150K down for a 30-YR loan of $387K at 7.25% interest. Monthly payment with house taxes and house insurance would be: $3,974.12. We have the option to drop interest rate once if the interest rate lowers. Monthly gross income: $14,331. Major monthly expenses is healt...
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