Hi all. I want to take out a mortgage and have been thinking about it for a long time. But I don't have a very high paying job. What income do I need to have to get a mortgage?
Thank you for answering this question, as I was also interested in it. Now I know more about it. If I have any more questions about mortgages or mortgage loans, I will contact you.
The main condition for all borrowers is that he must earn twice as much as the size of the monthly payment https://www.moneyexpert.com/. That is, you give the bank 40-50% of the budget, no more. For example, if the salary is 80 thousand, the client for a mortgage can not pay more than 40 thousand.
Thank you for answering this question, as I was also interested in it. Now I know more about it. If I have any more questions about mortgages or mortgage loans, I will contact you.
The main condition for all borrowers is that he must earn twice as much as the size of the monthly payment https://www.moneyexpert.com/. That is, you give the bank 40-50% of the budget, no more. For example, if the salary is 80 thousand, the client for a mortgage can not pay more than 40 thousand.