Amount of mortgage based on salary?
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Amount of mortgage based on salary?
I know there are a lot of factors that go into getting approved for a mortgage. Not worrying about credit / down payment / debt is there a general rule of thumb for how much income one needs to make to qualify? For instance, how much would one have to make to qualify for $500,000 or even $800,000? Thanks.
Park your realty license to Learn how to park or have your real estate license held or warehoused by a leading Ontario Brokerage and save your license and money. Register with RECO through an Ontario Brokerage who will hold your license active for a very low fee and you will save thousands from Boards like TREB and associations like OREA and CREA. Learn how this experienced and trusted Broker and Brokerage can assist you too.
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