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eddi
Apprentice
Joined: 01 Aug 2005
Posts: 25
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 Posted: 09/22/07 - 10:44 Post subject: |
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| I am a 29-year-old single woman and although I havent managed to find the man of my dreams yet, I think I at least deserve a house of my own to live in. I have a good, stable job that is reasonably well paid so I believe that I can afford to pay a mortgage each month. Now I am wondering how they decide whether you get a mortgage or not. How do they assess this? |
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carroll
Apprentice
Joined: 28 Apr 2006
Posts: 6
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| Posted: 10/29/07 - 22:12 Post subject: |
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| Hi. There is one big thing you seem to have forgotten about. Take into account that you have to offer up a deposit of a certain percentage of the value of the property when you buy. This is a guarantee for the bank, and without this you wont get a mortgage. We are talking in the region of 20 per cent of the property. If you have this and are able to pay a mortgage, you should be able to get approved. You can get a mortgage for four time the amount of your annual salary. Some mortgage brokers might offer you a higher mortgage, but make sure you can pay. |
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