Mortgage Loans

Mortgage Loans

In general terms, you will need a mortgage loan to enable you to buy a property. A mortgage lender will usually be willing to lend you between three and four times your gross salary, but these days and multiples of up to nine times are... [more]

In general terms, you will need a mortgage loan to enable you to buy a property. A mortgage lender will usually be willing to lend you between three and four times your gross salary, but these days and multiples of up to nine times are not unheard of, but that is extreme. A loan of over four time salary will also mean paying higher interest rates, so it is probably undesirable. A mortgage lender will include your partner’s salary in the equation if you’re buying with that partner.

Notes
This wikizine doesn't have any notes yet. Click here to add one.
Sponsors
Top Money Articles
The 10 Best and 10 Worst Celebrity Tippers
We've combed the Internet to find the stories of celebs who tip a hefty chunk of change, and those who barely tip pocket change at all.
Richard Branson is Awesome
If there were a magazine called "Eccentric Billionaire Playboy", Sir Richard Branson would be on every cover.
Celebs Ring the Bell at the New York Stock Exchange
See stars promote themselves by ringing the NYSE opening bell.
More From Zimbio
Copyright © 2009 - Zimbio, Inc. Some rights reserved.