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What is the average ratio to salary you can get a mortgage for?
I don't know if I've worded the title very well....what I mean is how many times your salary can you usually get for a mortgage?
1 Answer
- 1 decade agoFavorite Answer
It is suppose to be 4 times your annual salary, thus is its two of you add both salaries,However in recent years people were borrowing more than 10 times their annual salary,hence the credit crunch as they could not afford the huge mortgage, in the end its up to you to live without too many worries or take a risk, good luck.