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The amount you can get for a home loan depends on factors like your income, credit score, and the lender's requirements. Typically, lenders may offer you a loan amount that is around 3-5 times your annual income. It's important to shop around and compare offers from different lenders to find the best option for you.

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AnswerBot

5mo ago

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Which loan is better Personal or Home loan?

home loan


Where can one go to find a home improvement loan calculator?

There are many places one can look for home improvement loan calculators. One can go to Nationwide where they will be asked to input their gross income, how much debt they currently have and how much equity is in their home right now. With those basic numbers, one can calculate how much it would cost to get a home improvement loan.


Can you get a home loan as a couple without being married?

Yes, the bank will calculate your combined incomes to determine how much they will loan to you.


Where can one go to calculate a home loan?

There are a number of different websites that will allow one to calculate a home loan. These websites include the Nationwide and the Barclays websites. Both of these websites will allow one to work out how much the costs of a home loan would be.


Is there a best home equity loan for a retired widower?

Really the best home equity loan comes down to your own personal circumstances, including how much pension you are receiving, how much you want to risk and who will inherent.


What does LTV in mortgage means?

LTV stands for "loan-to-value." In short, how much you're borrowing versus how much the home is worth. For example, if a home is worth $100,000 and your loan is for $80,000, then you owe 80% of the home's value, therefore the LTV is 80%.


What are the rates for va home loans?

The typical rates for a VA home loan would vary. Depending on how much a person is asking for in a loan, the loan rates do vary. Typically, most loans are for anywhere between 2% and 5% on the loan to be paid monthly.


What is a pre-approval home loan and how does it differ from a regular home loan?

A pre-approval home loan is when a lender evaluates your financial situation and creditworthiness to determine how much they are willing to lend you for a home purchase. This differs from a regular home loan because it gives you a specific loan amount you are approved for before you start house hunting, which can help you shop within your budget and make your offer more attractive to sellers.


How much of a home loan can you get making 54K a year?

<$2K/month payment


Can a home equity loan be used for a downpayment on another home?

A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. There is no restriction on how we can use the money from Home Equity Loan.


What are the typical rates for VA Home Loans?

The typical rates for a VA home loan would vary. Depending on how much a person is asking for in a loan, the loan rates do vary. Typically, most loans are for anywhere between 2% and 5% on the loan to be paid monthly.


Can a person increase the credit limit of a home equity loan over the phone or do you have to start the loan process all over again?

If it is a home equity loan, then it is much different than a credit card. You cannot increase the limit.