u/According_Scene_3192

Am I stretching too much at 1m mortgage?

My wife and I toured a bunch of houses the past couple of weekends and we found our dream home that will likely go for around 1.2m. Our plan is to put 200k down for a total mortgage principal of 1m.

She makes 65k and i make 270k. We have no debts and will be left with roughly 300k saved for retirement after the down payment (we’re 32). We will have to buy an additional car as it’s in a GTA suburb.

reddit.com
u/According_Scene_3192 — 5 days ago