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re: My mortgage - FML
Posted on 10/12/12 at 12:18 am to GoIrish02
Posted on 10/12/12 at 12:18 am to GoIrish02
quote:
You are going about the process all wrong, and you are essentially buying a car based on the monthly payment, rather than the cost of the car. No one should buy a house based on the monthly note alone, and the fact you include PMI means you have little to no down payment, which means you have decided to spend your money thus far in life rather than save money responsibly to prepare for home ownership.
0
Posted on 10/12/12 at 10:05 am to GoIrish02
quote:
This guy gets it, 1 week's pay / 4 weeks per month = 25% maximum gross income to housing costs.
He gonna be feeling rich during the 4-bonus weeks unaccounted for......
I am firmly in the 20% DP camp, though.
Posted on 10/12/12 at 4:17 pm to GoIrish02
Damn, by Go Irish's numbers my wife and I could be in a $400k home.... think I'll pass.
Posted on 10/13/12 at 9:45 am to YogaPants
(no message)
This post was edited on 11/29/12 at 3:08 pm
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