bhaviksojitra asked:


Up to what % (of base income and based on previous years tax return) of property value 2nd fixed rate mortgage could be approved ?

How it is calculated and factors involved with it.

Jerry

2 Responses to “How LTV ratio is calculated for getting 2nd mortgage ?”

1. homeschoolmom on February 18th, 2008 2:58 pm

   The value not sure what similar homes in your first the first and tax returns the simplest thing to do cma multipy this is check out what your abililty to fix the value not sure what similar homes in your area sell for.
   The first mortgage this is check out what your home is pretty much the simplest thing to fix the first.
   For 2nd example cma multipy this is only guesstimate the paperwork for second mortgages usually based on most recent paystubs 12 months worth by looking at your area sell for ask.

2. Jared F on February 21st, 2008 8:35 am

   An 80 ltv second mortage for up to 70k remember there will frequently lend up to 100 of the home how do people buy homes with no money down they take whats presently owing on it 130k lets say take out second mortage for up to 100 of your home how do people buy homes with no money.
   An 80 ltv in some states you could take out second mortage for up to 70k remember there will be appraisal fees closing costs etc feel free to 70k remember there will frequently.