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Hi All,
I just got a call from KLA Company's HR that I have cleared final round and there is a HR round today evening for salary discussions.
The role is for Frontend Developer(Angular).
I have 3.1 years of experience.
CCTC - 13.2 LPA (all fixed)
Holding offer of 17.5 from service company in Pune.
Does anybody have any reviews for this company for the s/w department?
How much should I ask?
What are the other ways I can negotiate? Like do they provide RSUs?
KLA Corporation
Thank you
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I did that plan when younger and wished I waited to save up more for a better home. Financially it was fine. The home never appreciated and the downpayment would have made more money in the market.
Do not do it. 25% of your after tax earnings at max should be going towards your mortgage and 5% on utilities. At your income I would settle for around 200k and rent out the room. Can you afford more? Absolutely! Should you? No you should not.
Okay got you yea
I did but I regret it (I bought $295k on $85k salary with $5k or so down). I got lucky and my house appreciated a bunch when I sold it, but even with a raise to $95k the following year, I would have rather had a lower mortgage payment and invested the difference. If you have the option to buy for less or rent for less, I’d highly recommend.
It depends how secure you feel in your job; It's possible but not ideal. I did something similar in 2016 at 25 y/o ($255k, 5% down, 75k salary) and regretted it. The worst part was stressing over not being able to save up emergency fund and couldn't afford to leave jobs I didn't like, cover repairs I'm now responsible for, etc. After 4 years, building net worth became more important to me and (very, very) luckily I was able to sell after the house appreciated by 90k; I barely broke even overall factoring interest, closing costs, taxes, principal, and insurance over the years. It feels like another chance to do it right, but I wish I would have managed my finances in my 20s like I am now.
Mentor
There are a lot of other factors to consider, is it a house vs condo, is it in an up and coming neighborhood, how old is the property, how stable is your job/life, what are your other living expenses, what’s your net worth, how much emergency fund will you have, are you planning on keeping for a long term? How responsible or discipline are you with money?
Solely based on the info you provided, it’s doable, you might just be house poor for a couple of years.
I did this, but rented out my second bedroom for 2 years to make it affordable and let my salary increase.