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Whats the highest mortgage loan this person can get? They only have $40,000 in equity which will be the DownPa |
I have a friend who owns a co-op with approx. $40,000 equity...they have $80,000 in debt...They own a business which has a net profit of $50,000 a year...They have a Credit score of 680 usually around 80% of market value is what you can get on property. Credit history and longterm financial ability will also play a part. contact me to get set up to talk to a loan officer for free consultation. |
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