Getting a mortgage can be really confusing and for first timers it’s a real mess. But sometimes it’s really essential you find out how much you will get as a mortgage so that you can start selecting a house based on that. Previously the criteria for the mortgage levels were pretty simply most banks granted a 2.75 times more over the salary for people or couple who were working and had a regular income. But with the changing market, house prices have sky rocketed turning that calculation on its head! As a result mortgage lenders now have a different set of criteria to decide how to set your mortgage limit and here is how it works. Read the rest of this entry »