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What else can I help you with?
How much am I preapproved for a mortgage?
Your preapproval amount for a mortgage is the maximum loan amount a lender is willing to offer you based on your financial information.
What is meant by a 'jumbo' mortgage loan?
A jumbo mortgage loan is a residential mortgage loan which has an original principal balance which exceeds the maximum amount permitted by the agencies typical guidelines. You would need to meet your bank manager for further information.
What is the maximum loan-to-value ratio typically offered for a second mortgage?
The maximum loan-to-value ratio typically offered for a second mortgage is around 80.
How much can you get preapproved for a mortgage?
The amount you can get preapproved for a mortgage depends on factors like your income, credit score, and debt. Lenders typically consider these factors to determine the maximum loan amount they are willing to offer you.
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
How much am I preapproved for a mortgage?
Your preapproval amount for a mortgage is the maximum loan amount a lender is willing to offer you based on your financial information.
How is mortgage calculated?
A mortgage is calculate by multiplying the principle(or amount borrowed to purchase house), times the interest of the loan over the period of the loan. <a href="http://www.acalculator.com/fha-mortgage-loan-calculator.html">Mortgage Calculator</a> helps to find the maximum monthly payment and the maximum loan amount for which you may qualify, calculate your taxes/insurance and also to see if your income is sufficient to qualify.
What is meant by a 'jumbo' mortgage loan?
A jumbo mortgage loan is a residential mortgage loan which has an original principal balance which exceeds the maximum amount permitted by the agencies typical guidelines. You would need to meet your bank manager for further information.
What is the maximum loan-to-value ratio typically offered for a second mortgage?
The maximum loan-to-value ratio typically offered for a second mortgage is around 80.
How much can you get preapproved for a mortgage?
The amount you can get preapproved for a mortgage depends on factors like your income, credit score, and debt. Lenders typically consider these factors to determine the maximum loan amount they are willing to offer you.
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
What is the cost of the PMI premium for this mortgage loan?
The cost of the PMI premium for this mortgage loan is typically between 0.3 to 1.5 of the loan amount per year.
What is the journal entry for mortgage loan in accounting books?
For a mortgage payment, the only amount that should be listed in the Mortgage Loan Payable section is the principal amount. Any interest that has accrued is reported as Interest Payable.
What is the process for obtaining a mortgage loan preapproval?
To obtain a mortgage loan preapproval, you typically need to submit an application to a lender, provide financial documents such as income statements and credit history, and undergo a thorough review of your financial situation. The lender will then determine the maximum loan amount you qualify for based on this information.
What is the maximum personal loan that can be discharge in chapter 7?
Chapter 7 has no maximum loan amount.
How much do I need to get preapproved for a mortgage?
To get preapproved for a mortgage, you typically need to provide information about your income, assets, debts, and credit history to a lender. The lender will then determine the maximum loan amount you qualify for based on this information.
When should people get second mortgages?
A second mortgage is similar to a first mortgage. It is a loan that is secured by your home. It is for a set amount and you will receive a one time payment for the amount of the loan. Then the payments are for a set amount each month for the set term of the loan.
