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UBS If I had to move within the company to a different location , how does it work? For example if I move from low cost of living area to high cost of living area does the company re-evaluate the base salary within USA? Or do they come back and mention its your family requirement since your partner is located and you are moving ?Suggestions or experiences any !
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Can I get a commercial loan without 25% down?
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Seems a little tight right now, but if you can afford it for 6 to 18 months and then refi at a lower rate, it will get much more comfortable.
This is the goal!
I’m in a very similar situation w/ a monthly mortgage that’s about $6700 a month. It’s definitely tight, but we are making it work due to a forecasted growth in income and we needed more space with a kid.
I don’t think $8700 would be impossible, but it probably would mean not contributing to retirement until our income catches up. Right now, we are managing to save about $1600 a month so that is the difference.
If it’s your dream and you feel confident in your income growing, it’s probably worth being house poor for 2-3 years. We love our house, plan to stay in it for at least 5-10 years, and can stay even longer if needed. Just know you’ll definitely be house poor for a little.
Per paycheck*
What’s your take home after taxes and all other deduction? & is your wife working as well?
Go with your gut. If it’s your dream home and you plan on staying there a long time, then that’ll be worth it. Like some have said, it’ll be tight for some time, but it’ll get better as you grow in your career and hopefully move up. Sounds like your finances are in order and if it does get really tight, just have a plan in place to find things to scale pack when it comes to monthly spending (less shopping, eating out, etc)
Yes, an update please!