Hello CD friends,
Any one, expert in the field of mortgage, what are the current income requirements for new mortgages?
In the event of an individual paying 60% upfront, of the cost of the property, what shall be the minimum income required to borrow for the next 40 % of balance cost of the property?

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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.

As a general rule you should never borrow more than 3X of your income. I personally like to say 3X of your net income.

If you borrow more than that you are highly leveraged.