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05.22.08, 12:25 PM Toddler
7 replies
Sorry for the double post: 2.5 million on a house, what does your HHI need to be? Thanks. [ Reply | Watch | Flag ]
Toddler 05.22.08, 12:25 PM Flag
 

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depends on your savings! [ Reply | More ]
General Topics 05.22.08, 12:26 PM Flag
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800k down [ Reply | More ]
General Topics 05.22.08, 12:28 PM Flag
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i can tell you the formula but you'll have to do the math yourself. assume 700 a month payment per 100k borrowed. the bank will look at 45% of your monthly income, reduce it by any debt, and that's the max they'll allow you to borrow. [ Reply | More ]
General Topics 05.22.08, 12:27 PM Flag
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It totally depends on down payment, what kind of mortgage, etc. If you're putting down 2.5M in cash, I don't think they're gonna care what your income is. We need more details. [ Reply | More ]
General Topics 05.22.08, 12:28 PM Flag
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I am responding to your other post- you need to bring home about 25,000 a month to qualify for that mtg. [ Reply | More ]
General Topics 05.22.08, 12:31 PM Flag
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that is gross, not net. [ Reply | More ]
General Topics 05.22.08, 12:31 PM Flag
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We just bought a home for $2.2, $1m down, and we're able to do it comfortably making $500k annually. [ Reply | More ]
General Topics 05.23.08, 09:18 PM Flag
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