So you want to buy a house? How much have you saved for a deposit?
Generally speaking the first thing a bank or lender will want to know when you’re applying for a home loan is how much you are contributing yourself as a deposit.
Whilst there are banks who will let you contribute as little as 5% deposit towards a house the low equity premium charges vary significantly from bank to bank so you need to be careful – this is why you need to be using the services of a mortgage broker.
With our expertise we can save you literally thousands of dollars in upfront costs just by having you with the right bank for a home loan to begin with!
Taking on a mortgage is probably the biggest financial commitment you will ever make in your lifetime and for that reason making sure you are able to afford the repayments long term is crucial when determining how much you want to borrow. Have a strategy in place to repay the mortgage as quickly as possible will save you thousands of dollars in interest costs and enable you to become mortgage free sooner rather than later.
Contact us today and we can quickly tell you how much you can borrow with the banks as a home loan.
Want to find out what you can afford? Use our mortgage loan calculator now.
Click here to find out how a mortgage broker works.