Ok so I’m house shopping and the bank has approved me for a loan up to 600k with 10% down but I don’t get why. I make 120k a year but live in CA. I don’t understand how I could possibly afford that mortgage.
After state, federal, ssi, etc I’m paying like 40% tax here which means what I have to actually pay for things is like 72k or 6k per month. A 600k loan with 10% down is easily close to 4K/month. Why tf is a bank offering me this?
Submitted March 12, 2022 at 11:05PM by xomox2012 https://ift.tt/7MPqUcF
