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The loan amount refers to the amount of money a party has borrowed from a lender, effectively being obligated to repay it in full by law.
These tables are generated using the original loan amount.
It must be noted that when referring to the amount of loan outstanding at any point in time in the future, the proper term to use is the loan balance. Not the loan amount.
This original loan amount depends on factors like:
- Loan to value
- Personal income
- Personal debt commitments
For most lenders, the minimum loan amount for a housing loan would be $100,000. This means that they would not lend for any loan amount that is less that $100,000.
for the last 36 months?
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