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/biz/ - Business & Finance

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58646436 No.58646436 [Reply] [Original]

Bong here, can I get a 6x mortgage?

>> No.58646542

>>58646436
Have you tried asking a mortgage broker?

>> No.58646608

>>58646436
max is 5x if you have a really good stable job and solid savings. maybe if you're married and she also works.

>> No.58646652

>>58646436
how the FUCK did you get a party hat?

>> No.58646788

>>58646652
Drop party

>> No.58646829

>>58646436
Possibly, tell me:
Current income (joint if you have a partner)
Outgoings and dependants
Amount of deposit
Amount you wish to borrow
Breakdown of what makes up your income

>> No.58646875

>>58646829
6x salary isnt possible KEKW

>> No.58646894

>>58646875
actually i take that back, seems recently there are new ways _they_ came up with

(to keep up with the pumping house price)

>> No.58646904

>>58646894
but OP please do not take out a 6x mortgage, at 5%+ you will be paying WAYYYYY more interest than even if you were renting.

>> No.58646912
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58646912

>>58646829

Glownigger data miner.

>> No.58646924

>>58646875
You sure can, and if thats all he can get, he can do it, then just remortgage in 5 years or so.

>> No.58646931

>>58646912
Ok, lets figure this out without the above metrics.
You start.

>> No.58647108

>>58646904
If OP can buy a nice house instead of a shitty depreciating flat he can sell up at the end of the fixed term period and come out on top.

>> No.58647138

>>58647108
If OP can buy nice stocks instead of a shitty depreciating flat he can move out whenever he wants and come out on top.

both work, dont pay banks interest its just rent 2.0

>> No.58647139

>>58647108
This.
Or if he is really broke he could get an interest only mortgage, and remortgage later.

>> No.58647157

>>58647138
>depreciating flat
So buy a real, properly vetted house...

>> No.58647191

Why do you want to is the real question

>> No.58647219

>>58647157
i was just pasting the comment above but replaced house with stocks

why pay 5%+ interest for a house when you can buy stocks for 0%

even if the house does appreciate (i know they do) it wont appreciate faster than stocks given -5% interest handicap

>> No.58647230

>>58647219
Because you still have to live somewhere at the end of the day, so either be at the mercy of landlords, or pay the banks.

>> No.58647242

>>58647230
yeah but you dont need to live somewhere at 6x salary is what im saying, dont go crazy paying interest its worse than rent

>> No.58647251

>>58647242
That kind of why i wanted to know these
>>58646829
If he just can't afford it, then hes doomed either way