Updated about 4 years ago on . Most recent reply
Trying to leverage my money
Hey Yall, so we are trying to figure out if our next primary home is to expensive to buy in order to be wise and leverage our money and get more properties.
Right now we are approved for 30 year conventional up to 450000.
The house we like is is 224000 loan amount for 30 year conventional.
Then we would have to re apply with new debt/income ratio! What is best strategy to know what our loan amount should be.... I dont want to run out of cash to borrow from bank right now we have like hardly no debt but when we get this house it would really change things!