22 ms·
I have always heard the loan should be 3x or less (so 100k salary = a 300k loan). Though that was back when interest rates were much higher and initially you wo
by runamok 10y ago
I have always heard the loan should be 3x or less (so 100k salary = a 300k loan). Though that was back when interest rates were much higher and initially you would be paying mostly interest. Most people here are doing 5x or more.
As far as income, some engineers make 150k but then make close to another 150 due to bonus and RSUs.
The real question is will you make that for the next 30 years it takes to pay off the mortgage...