Question: >That’s probably the same way people shopping in the million+ range > >feel about commoners worrying over a measly 100k.
> True, but it seems to me that $10K on a home loan isn’t a big deal. A new > car costs twice that. I guess if one is stretching to the absolute limit > that even $1K can be the straw that breaks the camel’s back, but what I > wonder about is if the real estate market itself naturally breaks down > into segments so close to each other. Real estate over $1 million is its > own thing entirely, with even appraisals possibly differing wildly.
Answer: Well I was not stretching as I was qualified for $350k when I was shopping for my new house. I ended up buying at $150k because the house that had the best compromise to me was not worth more than that.
I would have easily spend the entire $350 if I saw a house that I believe was worth that then.
Related posts:
- Homes: Buy or Rent?
- Pre-approved home loan OK? Was “Help me buy hpuse”
- bankruptcy
- any tips on refinancing?
- How to look for a home loan
- buy down interest
- First time home buyers as well
- 125% Home Equity Loans
- Need advice: change title
- Need info on VA, Fed home loan mort corp.
- How often is credit pulled during loan process?
- home loan