I am earning 25,000.00 per month, after all deductions ,I want to apply for housing loan where i should go?

Answer 1

It sounds to me like you own your own business. Financing for a small business owner can become tricky. Here are some of the basics:

1. Your business needs to have been operating for 2 years or more to qualify for conventional financing. If you have not been in business more that 2 years there may still be options, terms tend to be higher.

2. You will need to gather all of your financial records for both personal and business. This includes taxes and bank statements. You will need to verify the existence of your business by providing a letter from your CPA or business licenses or E&O Insurance. Please locate up to 3 years of financials.

3. Check with your Bank. They already have a lot of your financial information and you have a relationship with them that you can leverage.

4. Check with another bank or mortgage company.

~Danke Schoen

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Answer 2

Ok so you didn't say you had kids, so figuring two people buying an average $120,000 home you would have had to have a downpayment of $24,000. I don't know what cad dollars are. But you'd need money for home insurance and such but your better way since you don't have children is to just get yourself a nice one-bedroom apartment somewhere and save your money for your home deposit as well as save your money for your retirement which you're going to need in the future. Obamacare and taxes are going to come out of your checks so you won't be getting what you thought you would. Ok so you'd both together earn around $67,000 then a home from $90,000 to $100,000 would be what I'd suggest. Today you can't depend on incomes so you want to get the most house for the least price in a decent neighborhood and a 30 year mortgage (with no balloon payments).

Answer 3

It all depends upon how big of a mansion you want. With that kind of income, you can afford quite a property. Leaving aside the issue that qualification is done based upon gross income, 45% of $25,000 (assuming US currency) is $11250 per month total obligations you qualify for. Subtract off your Lamborghini payment ($2000), and that's $9250 per month, or a loan of about 1.2 million with reasonable allowances for taxes and insurance.

Okay, maybe it's not the biggest house in Rancho Santa Fe, but you're up there.

A broker that's willing to work will probably find you a better loan than your average direct lender.

Answer 4

You will be eligible for fround 15 lacs loan (its the rough figure based on the income you have mentioned) if things like tax, pf is already deducted from your salary then your eligibility would go up (the loan amt is calculated using this formula Gross Sal * 55% / EMI per lac, depending on the existing rate in the market). Talk to Nitin Bali at 9810706774 (Delhi No) and tell him that you have been reffered by Ashish. He will arrange for your house loan.

Answer 5

If your actually intelligent enough to make $25000 a month, you should be able to figure out what a bank is. Unless you haven`t been smart enough to wear a ski mask during your last few visits.

Answer 6

LendingTree.com or your bank. If you're making $25k per month why do you need a loan?

Answer 7

To a bank like ICICI or to a financing company like GE ! I usually go to Dad for loans though...lol..

Answer 8

Its not like you really need a loan if you are making that many figures!

Answer 9

Where Should You Go ? ?
You should Definately Head to a State Mental Facility ..
PS.. You MUST GO NOW ****** !

Answer 10

Do u mean USD$25000.00 per month? Which country man?