Question:
“My daughter and her husband make about $150,000 per year. What price range do you think they can afford?”
Answer:
Great question, but more info is required to answer that:
- What are their revolving (i.e. monthly) debt payments?
- How long have they been on their jobs?
- How is their credit?
- How much do they have available for a down payment?
- Do they prefer a 30-year fixed loan?
- Etc.
So there’s a lot more than just income. And I defer to my preferred lender to answer the question as he is the loan expert, not me.
Call or email me and I’ll put you in touch with him.
