I make a little over 100k a year in nyc as a programmer and have 200k saved up. I’m looking to get a mortgage to buy a condo in lower Manhattan sometime in 2019-2020.
- How much of a mortgage can I afford?
I was looking at the condos that cost about 800k+, but I wasn’t sure if I can get a loan out for that. Also since I freelance, I sometimes don’t get paid “consistently” like a w2 person.
- Do I have to show monthly deposits?
- What if its ever few months I get paid?
- I only started earning this much recently this year, how many years of tax returns do I need before I can apply for a mortgage?