I think the best thing to do would be to lay all the numbers down on paper and review them against your goals for the financing of your new home. Most importantly, you have to be comfortable with your payment and reserves for emergency. Please call me with questions if you would like to meet and look at a possible pre-qualification.
HSBC Mortgage- Retail Loan Consultant
Thanks for the question, Ray
Well no one can say whether you're going to go broke or not - but buying a house that needs work can be stressful and fun at the same time. Whatever your budget is for repairs - just double it. How did you come up with the $6000 figure for the repairs?