Work out your debt-to-income ratio — total debt relative to gross annual income — and see if you're within the lending regulation's limit of max 5×.
Debt-to-income ratio is the relationship between all your debt and gross annual income:
Norway's lending regulation requires that banks normally don't lend you money that would make your total debt exceed 5 times your gross annual income. This applies to all debt — not just the new loan you're applying for — and is one of the most common reasons mortgage applications are rejected, even when the down payment is sufficient.
All debt you have with every lender: mortgage, car loan, consumer loans, credit card debt and student loans. The bank looks this up itself via Norway's debt register, so it's important to count everything, not just the new loan.
The bank normally can't lend you more, even if you have enough down payment and ability to service the loan. Some banks have a small flexibility quota they can use in individual cases, but it's not something you can expect to get.
No. Loan-to-value ratio (LTV) is the loan amount relative to the property's value. Debt-to-income ratio is all your debt relative to your income. The mortgage calculator shows loan-to-value ratio, this calculator shows debt-to-income ratio.