How many times your income can you borrow for a mortgage 2024?
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Works at the International Monetary Fund, Lives in Washington, D.C., USA.
Income is crucial for determining how much mortgage you can have. Traditionally, mortgage lenders applied a multiple of your income to decide how much you can borrow. So if you earn --30,000 per year and the lender will lend four times this, they may be willing to lend --120,000.Mar 13, 2018
2023-06-15 12:04:03
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Income is crucial for determining how much mortgage you can have. Traditionally, mortgage lenders applied a multiple of your income to decide how much you can borrow. So if you earn --30,000 per year and the lender will lend four times this, they may be willing to lend --120,000.Mar 13, 2018