There is also a three-digit code number assigned to each currency, in the same manner as there is also a three-digit code number assigned to each country as part of ISO 3166. This numeric code is usually the same as the ISO 3166-1 numeric code.
This calculator uses these guidelines for determining how much house you can afford, which are similar to common underwriting criteria that mortgage lenders use. 1  Your total mortgage payment should be no more than 28 percent of your gross monthly income.
Get your mortgage approved the first time around. A home loan application can take up to two weeks before a borrower is approved for finance. But there are so many variables, asking how long it takes to complete a loan application can be like asking, âHow long is a piece of string?â.