Who Thinks That This Is Okay?

$95000 is an excellent salary (depends on the currency thou, are we talking about USA, Australia or UK dollars?). If you save up enough money for a deposit, the more money you can use towards your deposit, the less you need to borrow from the bank. A rule of thumb would be 10% of what you are borrowing. (For a lot of us, accumulating a decent deposit is the hardest part as it is almost impossible to save money).

It’s always risky to rely on one person’s wages to pay a mortgage. If something were to happen to your earnings, who else in your family can pick up the tab? I know this sounds depressing but it’s always a good idea to think of the negative consequences first before you leap into unknown waters.

Perhaps before you sign the dotted line, see if you can have a chat with a financial consultant from your bank or an independent mortgage consultant. ( :) My older brother, my boyfriend and I get all our cool financial advices from my stepfather as he is a wise old owl when it comes to money matters.)

If you have a lot saved up in the bank, you should be alright.

it depends if you want to have nothing but a house cause thats all you could afford if you did that.

Is the 95 grand after or before taxes?

Stop Putting EveryThing In Caps It’s ANNOYiNG .