Hello,
I am new to this site and my wife and I are going to buy our first home in the next 6 months and appreciate any input. I am 35 and my wife is 30. We have no kids but are actively working on this
We are fortunate to have stable combined income of around $700,000 gross.(I make $600K, wife $100K)
We live in a High cost of Living area. We have $200,000 in retirement, $200,000 in cash for a down payment, and have paid off school loans and have no debt. We are looking to buy a long term home where we can raise our kids in an area with good public schools. We are budgeting $1-1.2 million and I would like to get a 15 year mortgage. We both come from middle class families are never thought we would buy such an expensive home, but in the area we live in it is the going rate for what we are looking for.
We tend to be very financially conservative and thus the question- Is this well within our means?
Thank you
I am new to this site and my wife and I are going to buy our first home in the next 6 months and appreciate any input. I am 35 and my wife is 30. We have no kids but are actively working on this

We live in a High cost of Living area. We have $200,000 in retirement, $200,000 in cash for a down payment, and have paid off school loans and have no debt. We are looking to buy a long term home where we can raise our kids in an area with good public schools. We are budgeting $1-1.2 million and I would like to get a 15 year mortgage. We both come from middle class families are never thought we would buy such an expensive home, but in the area we live in it is the going rate for what we are looking for.
We tend to be very financially conservative and thus the question- Is this well within our means?
Thank you
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