Disappointed in the amount I can borrow.

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Just want to vent as I got no one to talk about this.

26yo on 70k salary with 34k in savings. I am only able to get a loan for 375k.

Just finished speaking to the bank and after increasing my savings by 10k my borrowing power only went up by 15k. Was expecting to be able to borrow around 420 - 430k. I am just disappointed because I got my hopes up. I worked hard to save up all that money and made a lot of sacrifices.

I guess I will just buy an apartment rather than a house. It is what it is unfortunately.

Thank you for listening.

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Posted: 2 years ago
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