Hi,
We're looking to buy our first home but are unsure if we'd qualify for a mortgage. My salary is 42,700, my wife's is 16,700 + overtime. Total = 59,400.
We have 24,700 saved in the credit union. Bank Loan of 4,000 outstanding. We are first time buyers, both 28 years old.
Do you think we'd qualify for a mortgage and what is the most we could borrow? Hoping to borrow around 275k if possible.
Any advice would be greatly appreciated!
We're looking to buy our first home but are unsure if we'd qualify for a mortgage. My salary is 42,700, my wife's is 16,700 + overtime. Total = 59,400.
We have 24,700 saved in the credit union. Bank Loan of 4,000 outstanding. We are first time buyers, both 28 years old.
Do you think we'd qualify for a mortgage and what is the most we could borrow? Hoping to borrow around 275k if possible.
Any advice would be greatly appreciated!