What is the Maximum Amount that may be approved for a AB Home Loan?
There is no stipulated maximum for a AB Home Loan and it is limited only by the purchase price or the “reasonable value” that may be assigned to it. However, it is the usual practice for lenders to limit a home loan to $417,000 since that is the maximum amount the secondary market will pay for it where most of the AB Home Loans are subsequently sold by the lenders.
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