When you need to borrow money, the first question is usually: "How much can I borrow?" The answer depends on many things like your income, expenses, credit score, and what type of loan you want. This guide will explain it in simple terms. 1. What Affects How Much You Can Borrow? Lenders (banks and other money lenders) look at several things when deciding how much to lend you: Your income: How much money you make each month Your expenses: What you spend on bills, food, rent, etc. Your credit score: A number that shows how good you are with money The loan type: Mortgage, personal loan, car loan, etc. Your debts: Other loans or credit cards you're paying Your assets: Things you own that have value (house, car, savings) Tip: Before you apply for a loan, check your credit score for free at AnnualCreditReport.com . This is the only official free cred...