Profile picture for good school

buy a house around 150,000. Income 35,000+ per year. no debt. Pay down 20,000, how much can borrow?

Can I get a loan from bank easily?  In what process?
  • January 01 2009 - Beaumont
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Answers (1)

Profile picture for sunnyview
The mortgage forum may be able to give you specifics tomorrow after the holiday or you could try running the numbers yourself here. The link has lots of free interactive qualification calculators that may get you started. The calculators may not be exact for a specific bank, but they will help you adjust criteria like house price, income, debt, down payment etc. to see how it affects your payment and your target house price. A mortgage broker or loan officer will be able to help you pin down the rest.
  • January 01 2009
  • 0Yes

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