My wife and I work full time ..have a 3 year old in child care. We have $100,000 deposit from an inheritance from overseas and want to buy a home. My salary is $78,000 and my wife is a contractor and earns about $60,000. How much could we borrow?
There are way too many variables to give you an indication of your borrowing capacity and many regulations that must be adhered to in assessing a loan product to be suitable for you.
I would recommend you go and speak with a broker and provide them all of your information so that they can give you a strong indication of what you might be able to borrow. Anything less than that is just guesswork.
Best of luck