Saturday, August 20, 2016

Possibly more mortgage for second earners – Yahoo! News

Dual-earners may perhaps borrow from next year to purchase a home.

it would appear from a proposal of the Ministry of Finance for an opinion submitted to mortgage lenders and advisers, says the Home Owners Association.

the proposal forms part of the annual adjustments mortgage rules. These rules also determine how much money buyers can borrow based on their income. VEH according to the proposed modifications may be beneficial for second earners.



Second income

For

example, the second income from 2017 would count for 60 percent of the mortgage. Now is still expected by the second half of the income.

The consultants should respond to September 22 at the Finance proposal. As of January 1, 2017 are introduced the new rules (as proposed or modified).

RTL Z / Reuters

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