Originally Posted by
ourquest
Thanks to all so far with your comments.
@ralf-nz...when you refer to percentage, what do you mean exactly?
Thanks.
Several months ago I got the following information; actual figures are fictive!:
1. value of house based on "too old" valuation = 300,000; possible mortgage 60%;
> 0.60 * 300,000 = 180,000 maximum mortgage
2. value of house based on "on line" valuation = 290,000; possible mortgage 80%;
> 0.80 * 290,000 = 232,000 maximum mortgage
3. value of house based on "on site" valuation 280,000; possible mortgage 90%;
> 0.90 * 280,000 = 252,000 maximum mortgage
By purpose I put a decline in the value of the house "to paper" which is - more than - compensated by the rise of percentages.