 Will you ask your friend to pay for half of the parking fee? |
| Imagine this. You drive a friend home twice a week from school or work. You only drive them home, but don't take them in the morning. The school parking fee is about $90, so will you ask your ... |
|
 I have a ethics question? |
| My cousin and I got in an argument 6 months ago and haven't talked since. Just recently he started e-mailing me saying he is sorry. Well today I get this phone call from him saying he is ... |
|
 How to get money back? |
| I have a tenant who has been recieving housing benefits and JSA totalling £900+ per month but hasnt been giving me my rent money regularly. the rent is £715 whilst her housing benfits is £710. I ... |
|
 Can you pay rent to your landlord in advance, so you don't have to worry for a few months? |
| Say your rent is $700 a month, can you give them like 3 months rent so you don't have to worry about paying for 3 months?... |
|
 I Lease apartments and I would like to give away some free gifts any suggestions? |
| Our corporate office has assigned 3 units to be our specials for the week and if you sign a one year lease on the day of your move in you will recieve a free Iphone but the problem is that not ... |
|
 Can a prospective Landlord keep a deposit? |
| Can a prospective landlord keep a deposit ($500) used to secure an apartment, if the prospective tenant changes his mind about wanting to rent the apartment (in Ohio)? No lease was signed, only an ... |
|
 Which house do I buy??? |
number 1- is a big white farm house in the country new roof 1010 sq feet good circuit breaker with new gas stove in kitchen and nice carpet just needs some cleaning
with an upstairs. new garage ... |
|
 How do i get a mortgage? |
| will be my first time but not sure how to go about it any advice ... |
|
 Financing a house? |
| Is there any way around bad credit to finance a house? We are now a family of four with only 2 bedrooms and my kids are boy/girl so they don't need to share a room forever. We are talking about ... |
|
 Mortagage advice ..re buying partner out ??? |
my partner and i split ,4 months ago .I have paid the mortgage
alone since then .i am living in the house ,she moved out .I cannot buy my partner out until next year ,due to a heavy penalty with ... |
|
 Does anyone know any resources that can help me pay the 3000 I am behind on my mortgage? |
| I went through a divorce and my financial status is getting back on track, yet I just can't seem to get caught up on the mortgage. I can't take any other type of loan, unless the payment ... |
|
 $25 in monthly Pet Rent???? |
| Is it legal to charge pet rent in Mississippi?... |
|
| I owe 90000 on a home that I plan to rent out. Can I apply for a Business loan to pay off and purchase proper |
| I want to pay the home with the Business Loan. I also want to take some of the business loan to use toward purchasing another property to reside in and run an in home day care OR should I sell my ... |
|
 My home was foreclosed and now I need to rent a home, can you help? |
| I have horrible credit. My husband got laid off last year from a great union job. I lost my home the day after Christmas this year. I have 3 children and would like to keep my kids in their ... |
|
 Can someone simply explain the mortgage crisis. I just told someone that I read millions are in trouble but..? |
| ..I really don't know what happened. They were given loans & then the intrest rate went to high so they couldn't afford the payment & are now losing their house? Please explain ... |
|
|  |
******* | How much of a mortgage will we be able to have? |
we have a mortgage and are thinking of moving soon, but how much do the mortgage lenders let you borrow, is it 3 or 4 times your anual wage (uk) |
 |
 
Cari
|
The thing is, you need to think about how much you can afford to repay, not how much you can borrow.
I am currently looking to get a mortgage and most banks/building societies seem willing to lend me almost four times my annual salary.
But, I can't afford to borrow this much because my repayments would be about half of my take-home pay ... so add all bills, council tax, transportation costs, etc on top of this and there is just no way that I could live like that. |
|
Lily B Talus
 |
the amounts have been reduced, best thing is to check with your lender |
|
rtfm
|
In the U.S., the general rule of thumb is 2.5 times your annual income. |
|
Jonathan T
 |
Varies from lender to lender. The maximum stretch, technically, is about 4.8 times your joint income, though this would mean you not having any other debt in your name, and probably a good level of equity will be required too.
I would keep within the 4x to 4.5x limit if you can, some of the more competitive lenders restrict their limits to these boundaries. |
|
hootie
|
rftm is correct. When my husband and I were buying a house we were told the standard is 2.5 times your combined wages. So if two people make a total fo $50,000 you should be able to get a loan for $150,000 (that is if all other credit factors are in place). |
|
gerboaboy
 |
It's not that simple. There are other factors involved like your credit rating and collateral. That's why they make you fill out all those forms. |
|
littlemissgio
|
3 TIMES YOUR SALARY WITH A DEPOSIT |
|
laplandfan
 |
usually 3 times your salary.
That may have changed in today's awful financial climate though. |
|
unhappylandlord
 |
When I applied for my mortgages in 2006 and 2007 - you were allowed to borrow (maximum) of 4.8 times your annual salary - our combined wages were £27000 and we managed to borrow £50000 easily for a flat and then on top of that we borrowed £118500 for a bungalow (and converted our previous mortgage to buy-to-let). However this was (just) before the Credit Crunch - and we had 100% mortgage both times. |
|
mia170107
|
income multiples varies from lender to lender and also depends on individual circumstances if you would like a quote on your max borrowing based on your personal circumstances feel free to email me on emma.williams@mortgageupkeep.co.uk |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 34 minutes(s) ago
| | | |
10 | 47 minutes(s) ago
| | | |
10 | 52 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
10 | 8 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
10 | 4 day(s) ago
| | | |
10 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
