How much house can I actually afford?
I'm looking to buy a 2nd property (not an investment property). The bank has approved me for a 950k mortgage but I feel that is too much for me so I want to see what others would feel comfortable with given my parameters.
HHI is 200k and planning to put in 200k-250k for a down payment. My house is paid off but still costs roughly $1000 month, and I have no car debts or any other debt.
I won't be receiving rent so I will be making the full payments for both properties.