The amount you can borrow depends on your deposit, your credit history and your finances. Use our mortgage calculator to estimate how much you could borrow.
Finding out how much you can borrow before you look for a home is a good idea. We look at how lenders decide what size of mortgage they will offer you
Working out a monthly household budget (one that includes any additional expenses that come with homeownership) can help tell you how much you should borrow. After all, you don’t want to stretch your budget to its limit in order to accommodate a loan. ...
As a general rule, lenders want your mortgage payment to be less than 28% of your current gross income. They’ll also look at your assets and debts, your credit score and your employment history. From all of this, they’ll determine how much they’re willing to lend to you. ...
How much can I borrow? What is the right amount to borrow under the circumstances? A good place to start is a mortgage calculator that can use several pieces of information in order to answer your questions, and most importantly, provide an estimate as to how much you can take out by us...
Those keen to have the security of knowing how much their mortgage will be each month may prefer to opt for a 5-year fixed-rate deal. A lot can happen in 5 years, however, so think carefully about your family setup and also how you would feel if interest rates are suddenly cut. A ...
Find out how much you can borrow: The first place most people start is amortgage calculator. This helps you get a quick indication of how much you may be able to borrow and gives you an idea of what different borrowing amounts and terms might cost you. ...
You’ve decided to buy a home and now you’re looking for a mortgage to help make it happen. But how much do you need to borrow? How muchcanyou borrow? Mortgage prequalification can help you better understand your options to make more informed decisions. To give you a better understandin...
How much do first-time home buyers have to put down? The minimum down payment for a house as a first-time buyer will depend on the type of mortgage loan, but most buyers will need at least 3% to 3.5% down. Some home buyers can putzero percent downusing a VA loan or USDA loan. ...
income. However, the specific amount you can afford to borrow depends on several factors, not just what a mortgage lender is willing to lend you. You'll need to evaluate your finances, preferences, and priorities. Here's everything you need to consider to determine how much you can afford...