The annual salary rule The ideal mortgage size should be no more than three times your annual salary, says Reyes. So if you make $60,000 per year, you should think twice before taking out a mortgage that’s more than $180,000. That’s not to say you should always opt for the most expensive mortgage you can qualify for.
Who regrets buying a house?
According to a recent Bankrate survey, 64% of millennials aged 25 to 40 are facing regrets after buying a home compared with 33% of baby boomers aged 57 to 75. The survey found that the older the buyer, the less likely they were to have homebuyer regret.
When did I buy my house before I got married?
Q. I owned my house a long time before I got married, and this property is currently still in my name only. I got married five years ago, but I’m in the process of getting a divorce. Will my spouse be entitled to half of my property after the divorce? A. Every divorce is a little different.
When did my ex wife want my house sold?
More than 11 years ago she and I divorced and she moved out of state. The break-up was friendly so we got a book and did the divorce ourselves, without attorneys. I have just received a letter from an attorney who has been hired by my ex-wife to force me to sell the home and give her half of the money.
When did my wife get half the house in divorce?
We lived together unmarried for approx. 9 years before buying our first home 4 years ago. But because her credit was bad we decided to leave her name off the title for the time being. We married a month or so after buying the home. Now we’re getting divorced and she wants half of everything including my retirement.
When did my partner and I buy a house together?
When I met my partner I sold my former marital home and we bought a house together which we own as ‘joint tenants’. At the time I did not make any special documentation of the large deposit I put down (he was waiting for funds after his divorce which unfortunately did not materialise).
