How can we help you determine how much you can afford?

The affordability factor – it’s essential to consider before you hit the Sunday show days. We will help you to understand upfront how much finance you qualify for by reviewing your credit worthiness and affordability. We calculate this based on your disposable income, that’s the amount you have left for your loan after paying for your living expenses and other monthly bills.

As a general rule, your loan repayment should not exceed 30% of your income before deductions. This is only a guide and what is affordable to you will depend on your particular circumstances.

We’ll then give you a “Passport to Purchase” – a document that gives you the freedom to shop for a home in your price range, knowing that the bank has already checked out what you can afford. By honing your house hunt at the start, you will save a lot of time and frustration. This pre-qualified certificate is valid for 90 days only. Please note that an evaluation on the property will still need to be conducted to determine if the property is good security.

If you need assistance with calculating what you can afford, please call your Property Specialist who will be happy to help you.

Remember, it’s not just the monthly repayments on your home loan you need to plan for. This shopping list of home buying costs will help you budget: