Maximum loan-to-value ratio and self-financed amount: how big a home loan can you get?
There are many factors to consider when planning to buy a home or pay for its basic renovation. One factor is the amount of funds that need to be saved for the project, that is, the self-financed amount. This affects the amount of home loan you can apply for. The regulation governing loan-to-value ratio for home loan also requires banks to grant a specific amount of home loan, which means that it determines the maximum loan-to-value ratio.
