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  2. How to calculate your home equity — and how much of it you ...

    www.aol.com/finance/calculate-home-equity...

    Your home equity equals the current value of your home minus your current mortgage debt. Assume your home’s current value is $410,000, and you have a $220,000 balance remaining on your mortgage.

  3. Here's How Much Debt You Can Have and Still Get a Mortgage - AOL

    www.aol.com/heres-much-debt-still-mortgage...

    For example, if your pre-tax monthly income is $8,000 and your mortgage payment is $2,000, you have a front-end ratio of 25% (meaning that your mortgage consumes 25% of your income).

  4. How much equity can I borrow from my home? (And why isn ... - AOL

    www.aol.com/finance/much-equity-borrow-home-why...

    A cash-out refinance, which replaces your primary mortgage with a new bigger one, basing the difference on your home equity’s worth, carries closing costs that can account for 2 to 5 percent of ...

  5. This is how much money you need to earn annually to ... - AOL

    www.aol.com/finance/much-money-earn-annually...

    How your income relates to the debts you owe, more technically known as your debt-to-income (DTI) ratio, also impacts your ability to qualify for a mortgage. And your credit score, interest rate ...

  6. Mortgage calculator - Wikipedia

    en.wikipedia.org/wiki/Mortgage_calculator

    A potential borrower can use an online mortgage calculator to see how much property he or she can afford. A lender will compare the person's total monthly income and total monthly debt load. A mortgage calculator can help to add up all income sources and compare this to all monthly debt payments.

  7. Loan-to-value ratio - Wikipedia

    en.wikipedia.org/wiki/Loan-to-value_ratio

    A similar property with a value of $100,000 with a first mortgage of $50,000 and a second mortgage of $25,000 has an aggregate mortgage balance of $75,000. The CLTV is 75%. The CLTV is 75%. Combined loan to value is an amount in addition to the Loan to Value, which simply represents the first position mortgage or loan as a percentage of the ...

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