How much can borrow?
The amount you can borrow is generally based on the rental income that your property could realistically achieve on the open market. Your personal income is generally irrelevant. Most “Lender” Usually a financial institution such as a bank or mortgage company, usually referred to as the mortgagee, which provides a loan or mortgage, using the property as security.’,’#B8E33C’)” ;=”” onmouseout=”kill()”>lenders will require that the rent covers the “Monthly Interest Payments” Amount of interest payable each month.’,’#B8E33C’)” ;=”” onmouseout=”kill()”>monthly interest payments by between 125% and 130% of the monthly interest payments depending on the “Lender” Usually a financial institution such as a bank or mortgage company, usually referred to as the mortgagee, which provides a loan or mortgage, using the property as security.’,’#B8E33C’)” ;=”” onmouseout=”kill()”>lender. This is based on a maximum “Loan to Value (LTV)” The mortgage or loan amount expressed as a percentage of the market
