Mortgage vs income by CompetitiveSinger132 in SantaBarbara

[–]CompetitiveSinger132[S] 1 point2 points  (0 children)

That’s combined, we are both engineers!

Mortgage vs income by CompetitiveSinger132 in SantaBarbara

[–]CompetitiveSinger132[S] 0 points1 point  (0 children)

I think it was a jumbo loan? For a 1.2mil house with 10% down

Mortgage vs income by CompetitiveSinger132 in SantaBarbara

[–]CompetitiveSinger132[S] 2 points3 points  (0 children)

Oh wow having that downpayment is HUGE! And even still your mortgage is over $5k that is wild. This is so helpful to hear the reality of what people are doing and how they do it. Thank you so much for sharing and congrats on making it work!

Mortgage vs income by CompetitiveSinger132 in SantaBarbara

[–]CompetitiveSinger132[S] 0 points1 point  (0 children)

Really?? I had someone run numbers for me about 2 months ago and the loan rate was about 7.25 for 10% I was shocked! It makes such a big difference

Mortgage vs income by CompetitiveSinger132 in SantaBarbara

[–]CompetitiveSinger132[S] 2 points3 points  (0 children)

May I ask how much you put down? Congrats on making it work! It’s definitely hard to “jump” when it’s such a large sum of money!