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Or you could miss that window. If you barely qualify now why risk it over 10% which will mean nothing when you own the home.

• 01100011 4y ago
  Because, even as a tech worker at a major tech company, I do not feel confident in my job security. I want to maintain a true 6 month safety net. Last year, over half my income came from equity compensation. If equities continue to slide, and I think that is very likely, that compensation will drop dramatically, potentially to zero for a while if I feel that holding the stock will be a better long-term move. I'm not thinking of the next year or two. I'm thinking longer term and want to secure my financial future and not gamble it away.
  • hello_moto 4y ago
    The last few months was evident that hi-tech stocks got boosted heavily by pandemic-money-printing machine. I wouldn't bet my mortgage on hi-tech stock. My mortgage limit must be from my regular paycheck using the commonly accepted debt:income ratio. I excluded stock out of the calculation. Stock is a mean to pay more on annual prepayment.
  • randomopining 4y ago
    How much is your cash roughly? Can you survive on only that if you bought the house?