Household TC: 250K House cost: 1.2M (SFH, 3000+ sq. ft., i owe 930K) Region: Seattle (Eastside) wondering if im over invested in my house, probably yes.
210K TC 670K house (i owe 520K) Region: SF Bay Area (East Bay)
670K house in the bay? Is it a paper box in a meth den?
East bay is cheaper though
400 TC, $1.25M here - but we’re upgrading soon
440k tc, 1.05, 850, bay area
Y’all high TC folks are 15 year mortgages i assume?
Nope, 30 and its not high compared to bay area stds
300tc, 620 house in bothell WA. You owe way too much OP
I know but i commute way less, actually i WFH, but location of house is solid. Hoping it’ll appreciate better.
200k TC 430k house - Austin
Mind telling type, sq ft, proximity to down town.
500k tc 800k (400k owe) Seattle It is 1500 sqft and we want to move but there are other fixed expenses and don’t want to sacrifice life style for bigger house
550K TC 750K house in Seattle
Size? Area if seattle?
2400sq ft in Bothell
3-4x pay is reasonable. 5x may be stretching a bit but if your rate is under 5% you're fine. I remember when mortgages were 9% and anything more than 2.5x pay was financial suicide. The 2.5x rule of thumb doesn't make any sense with rates this low.
4.375, thinking of refinancing. Any recommendations?
Last time I used Sofi but its been a while. Bankrate would suggest you could get below 4%
What’s your monthly payment + taxes divided by your take home income ? Do you have any other debt?
Mortgage is 5800, includes property tax. Take home, 13-14k will have to check. No other debt. Have a 60k heloc open but all paid off.
Assuming 14k take home it does look a tad tight. Is there anyway you can lay down the principle aggressively ? Things that might help you breathe include a rainy day fund (3-6 months living expenses) and not having any consumer debts or car leases.
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How much do you owe? The debt is more important than the value.
930K, updated post
That’s a big chunk going to housing.