How do local finance houses assess and issue mortgages?

It is usually based on your monthly income, less expenses, and then divided to three parts. This gives the figure used to calculate from, for each month over the term. They do not base it on how well the asset might perform, nor does it allow low loan-to-value (i.e. large down-payment with a small loan). This makes it limited. Even if you are earning a seriously good wage, do not assume that a bank will lend you substantial sums.

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