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How Much Can I Borrow

Before purchasing a property it is always important to get an idea of how much you need to borrow.

How much you can borrow will depend on several factors including:

  • Your income
  • What you are buying (home or investment)
  • Eligibility for First Home Owner Grant
  • What deposit is required
  • Other loan repayments and commitments

An important factor to consider is how comfortable you are financially to repay the proposed loan. It is imperative that you do not over stretch yourself, it is best if you sit down and work out a budget and understand how much you have left over to repay a loan comfortably. You should also factor in interest rate movements as this will affect your repayment amount.

Contact us for more help.

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Home Loan Costs

How Much Deposit Will I Need To Save?

Getting Your First Home Loan

DISCLAIMER:  The information contained on this website is provided for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy.