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Updated about 4 years ago on . Most recent reply

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Vinod Sebastian
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Home mortgage and salary

Vinod Sebastian
Posted

Hi

Does my interest rate on my home mortgage for primary residence get significantly influenced by my salary? I am planning to move and expecting a big decrease in W2 income for one year but this will not significantly affect my net worth. So I am still planning to get a mortgage to buy a home to live , plan to put 20% down and possibly house hack. But I am not sure if I should buy the house now with my higher salary or wait till August 2021 when I move (but at that point my W2 salary will be much lower)?

Thank you very much and I realize the answer may not be that simple sometimes.

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