your limiting factor is what the bank will approve you for. once you provide them your income documents, they will calculate the most they will lend you and what the monthly payment is. subtract that mortgage size from the purchase price to learn how much you will have to put down.I don't anticipate *just* income from my job to be able to pay for a single family house any time soon. So what's the strategy/formula to determine how much house I can afford considering BOTH the income from my job and the size of my regular investment (non-retirement) account? Theoretically, I could just sell most/all of my investment account and buy a house so not not worry about having a mortgage, but I'd just rather let as much of my money stay in the market as possible. Bad idea? Is there a balance here?
Statistics: Posted by cchrissyy — Sun Feb 02, 2025 10:40 pm — Replies 9 — Views 649