Is there a maximum amount of mortgage one can hold?

A mortgage holder is typically a bank or other lender. If you mean, how much of a mortgage can I have to finance a home with, then yes. Every lender and loan program have qualifying criteria that usually involves a maximum based on the ability of one to pay the payment. A second maximum would involve the property value. If you want to know how much mortgage you will qualify for, you would need to speak to a Mortgage Loan Originator. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except VA and we're pending approval in MA and NY. ~ www.ApplyYes.com 480-889-9000.

No, there is no "maximum" - but of course you are limited to maximum debt-to-income ratios, which simply means affordability. I lend in SD, ND, MN, IA, and WI. I can be reached at JoeMetzler.com - NMLS 274132