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this is a way down the road for you, but....
if you have good credit and little or no debt going into the loan process, a home loan officer will throw waaaaay more money at you than it is wise to accept from him. right now the housing market is softening a bit, and these companies that have had people lined up around the block to get a new mortgage or refinance are suddenly starting to seem a little desperate.
just be conservative. don't let them talk you into assuming a mortgage for the maximum you're approved for, or worse yet, plug into a variable rate & assume the maximum of THAT. once you buy, things WILL go wrong with your property, so you will need some financial cushion to pay for them. and you really don't want interest rate swings adding risk that the payment you're used to is going up next month because bernanke thinks the economy's still too hot.......
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raw power is a guaranteed o.d.
raw power is a laughin' at you & me
-iggy
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