Here is my situation, I haven't worked in years while due to helping my Grandpa. Well he passed away about 5 months ago and left me some cash and an old house. Whats the most I could afford for a house, below is what I have.
-Girlfriend whom lives with me makes about 30k a year (I'm not working and haven't for years)
- House he left me is worth 45k (paid off), and gonna rent it out
- I plan on putting 50k down towards new house.
Whats the most expensive house a bank would loan me with 50k down and 45k in a paid off house in collaterell?? Credit is excellent around 775.