I'm 20 years old making around $3,200/month and have $15,000 in the bank that I saved up while living with my parents. I currently have no debt, my credit score is perfect, my car has been paid for and I have no kids. Would I be able to afford a 200k-250k home in the Houston, TX or Sugar Land area? If so, what would be the best mortgage company to finance my home and for the best rate?
I'm looking to pay no more than $2000/month for mortgage, insurance, and taxes on the house together. Commercials like Ditech, Quicken Loans, and Lending Tree usually promise a $200,000 loan between $450 and $999 a month. Sounds pretty good, but my mom says it's unrealistic and that for the type of house that I want, I'd be paying well over $2000 a month for the mortgage alone aside from property taxes, utilities, etc.
Any advice?
2007-07-26
08:30:06
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16 answers
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asked by
Clear Rivers
1