Sunday, March 25, 2012

Your Questions About How Much Mortgages

Robert asks…Is there a website to determine how much mortgage I would qualify for?I am a homeowner and want to purchase a second property. I would like to find an online calculator to see what additional loan I could receive based on income, debt etc.

Thanks!admin answers:You really don't need a web site for that. If your credit scores are above 740 and you have good cash reserves, your debt to income ratios can be as high as 50%. If you are putting less than 20% down, your debt to

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