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re: Buying new home - Renting current townhouse
Posted on 12/28/23 at 2:17 pm to LSUShock
Posted on 12/28/23 at 2:17 pm to LSUShock
Right now he has 100kish in the bank and 350kish in equity. He wants to buy an 800kish house. He makes 200kish as a family. He shouldn’t have a mortgage above 550k. To have a reasonable mortgage for his income he needs the equity for a down payment
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