Updated almost 5 years ago on . Most recent reply
Home mortgage and salary
Hi
Does my interest rate on my home mortgage for primary residence get significantly influenced by my salary? I am planning to move and expecting a big decrease in W2 income for one year but this will not significantly affect my net worth. So I am still planning to get a mortgage to buy a home to live , plan to put 20% down and possibly house hack. But I am not sure if I should buy the house now with my higher salary or wait till August 2021 when I move (but at that point my W2 salary will be much lower)?
Thank you very much and I realize the answer may not be that simple sometimes.