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06.17.08, 07:39 AM New York City
5 replies
Is there a general rule of thumb (if your credit is good) about how much of a mortgage you can get? Sort of the equivalent of the 4/4.5/5 times monthly rent income equation when you are a renter? [ Reply | Watch | Flag ]
New York City 06.17.08, 07:39 AM Flag
 

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And what do people do if you work on Wall Street and your bonus is a large part of your salary but not guaranteed by any means? [ Reply | More ]
General Topics 06.17.08, 07:40 AM Flag
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Use the bonus for the downpayment. [ Reply | More ]
General Topics 06.17.08, 07:41 AM Flag
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And buy what you can afford with the salary? (We are conservative, just thinking about it) [ Reply | More ]
General Topics 06.17.08, 07:43 AM Flag
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That's what we did. Given the economy and job stability issues in the finicial sector, being conservative is the only way to go! [ Reply | More ]
General Topics 06.17.08, 07:44 AM Flag
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There are morgage calculators and estimators ("how much you can afford) on the Corcoran website. But in general between 25-33% of your yearly income. [ Reply | More ]
General Topics 06.17.08, 07:41 AM Flag
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