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orvillian11 OP t1_j6n9mdz wrote

Reply to comment by meamemg in Prepping to get mortgage next year, need guidance by orvillian11

Probably around 45-50. I buy paint and that runs me at least a few thousands among other expenses. I think I can save at least 10k

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meamemg t1_j6na097 wrote

Ideally you'd have more saved up. Preferably 20%. You also need probably ~$5k for closing costs, although that amount can vary a lot from place to place. That said, $50k in income should be enough to get a $100k loan. If you are going more towards the top of the range, you might run into trouble, but probably not worth paying extra tax over.

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