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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home

Posted on 10/19/23 at 4:17 am to
Posted by LSUGrrrl
Frisco, TX
Member since Jul 2007
35113 posts
Posted on 10/19/23 at 4:17 am to
quote:

Maybe true if you have zero equity in your current home or are financing the maximum.


Come on, 7’s. Where do you find a $175k house near us? Even the crappy areas laugh at that number here. And 1st time homeowners don’t have equity in a previous home to roll over and almost always finance the max amount.
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