I make 90K A Year How expensive of a house can I be approved for?

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asked Jan 8, 2017 in Real Estate - Renting by Lisaq (120 points)
I'm looking into getting a Mortgage to purchase a house soon.

I bring home $90,000.00 a year after taxes. How much money through a mortgage can I get approved for to buy a house?

1 Answer

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answered Jan 8, 2017 by Judy (56,120 points)
On 90K a year you could qualify for a home loan for up to 300K.

Though I recommend buying less expensive houses even if you can get approved for the more expensive ones.

I'd rather have a cheaper house that I'm sure I can pay off sooner and not have to worry about being able to pay the mortgage.

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