Quote:
Originally Posted by WilsonFourTwo
I actually suspect that this is a much more common/frequent chain of events than banks approving people who shouldn't get mortgages in the first place.
|
My gf and I went to the bank to get a pre-approval to see what price range we should be looking at. I was thinking maybe a 300-400k mortgage, don't want a 400k mortgage as it makes things pretty tight in terms of saving money and actually having cash on hand.
Bank approves us for over 700k. Are you kidding me? That's a $3600 monthly payment on the current 5 year fix rate.