What is the maximum percentage of my homes value that I can borrow?
The maximum percentage of your home’s value depends on the purpose of your loan, how you use the property, and the loan type you choose. Generally you can borrow more for a property that you occupy as your primary residence than you can borrow for a vacation home or an investment property. It also makes a difference whether your looking to purchase a new home or refinance a home you already own.
Related Questions
- To avoid gift taxes, is there a way to gift a percentage of a home to another in increments of $11,000 until the full value is gifted (i.e. parents gifting home to children)?
- What is the maximum percentage of my homes value that I can borrowborrow?
- What is the maximum percentage of my homes value that I can borrow?