[GizmoTron]

Quote:

Originally Posted by Dr Kain

Well, all of my plans to have a nice room where I can have a nice table set up with dioramas on it for pictures has been axed as quickly as a burning forest. The other day we went through the process of getting a mortgage loan and were only approved for a load up to $392,000. That's pretty much the size of a rinky dink shack in the poorest of poorest neighborhoods here in Colorado. I just don't get how anyone can buy a house ever if even having a combined income of $100K a year can't get us a house. So now we're back to the drawing board on what we want to do because we've outgrown our current apartment, but there are no apartments big enough to allow me to have a full on figure room with the diorama plan.

Well you probably don't want to hear any more advice, but very few people get their dream home as their first home right off the bat. But if you want a bigger loan, you really should consider getting out of the renting game that gets you nowhere with the bank, and maybe going with a house that, while less than ideal right now, owning it will build up some equity towards getting the kind of home you really want in the future. Plus if you're talking almost $400K, you might be able to find something older in that range that would be great but it just needs a bit of work and fixing up to be great again, even in Colorado.

Edit: And oh yeah, the larger the down payment you can make, the more likely it is for banks to play ball with a larger loan, too.

Sorry, I'm actually in the market for a new place so all of this stuff is fresh in my mind and I feel your pain. But no more derailing the thread, I promise.