- 2 years ago
I purchased my two-bedroom, 850sq foot, downtown condo for $192k. I was approved for around $270k and I’m so happy I didn’t max that out. Prior to purchasing my rent was $850 (with two roommates), my monthly outgoings now (mortgage, property tax, utilities, condo fees) are $1,785. It’s been a huge adjustment. If I had maxed out what I was allowed to borrow I would be eating ramen noodles every day and not having a social life (and I would have kept renting rather than do that).