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Question by Patrick J: I want to buy a house, but where would be the best place for an aspiring architect?
I just graduated college with my architects degree for 5 year program and was wondering if i could mortgage a house that costs around 120,000 and less, while having a nice car as well? coudl soembody pelase advise me about what should i do and my income i am assuming would be around 45,000-55,000 starting out.
i would like a nice car around the 40,000 range and a decent house, or what should i do?
Answer by MONICA T
take in consideration this; the bank wants you to make at least 3 times more then your mortgage, which you do, also they will take in consideration, the car payments and all your other expenses, you could have both, but it will be nice if you, go easy in your expenses, try to get a 15 years mortgage, rather then a 30 yrs.
when you buy a property, look for location, is the most important thing, may sure that the taxes are not too high or/and the maintenance if is a co-op or a condo (even though, they are tax deductible)
Good luck and congratulations
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