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How many times salary can be borrowed for a mortgage?
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Traditionally, mortgage lenders applied a multiple of your income to decide how much you can borrow. So if you earn ï¾£30,000 per year and the lender will lend four times this, they may be willing to lend ï¾£120,000.
What are the different types of mortgage lenders?
Asked by unknown
1 Answers
Mortgage bankers, wholesale, retail, correspondent, mortgage brokers, account executives, loan officer, portfolio, and direct mortgage lenders are the different types of mortgage lenders.
Is it hard to get a commercial loan?
Asked by unknown
1 Answers
Commercial hard money lenders typically issue loans up to 80% of a property's loan-to-value. Commercial hard money lenders typically issue loans up to 90% of a property's loan-to-value.