Can You Afford That House?
Have you ever been out shopping, seen something you really like and then wondered - can I afford this?
Some quick mental arithmetic follows. I’ve already grabbed the groceries this week, I get paid next Tuesday, I could probably eat popcorn for dinner on Monday - alright, I’ll buy it!
It’s amazing how we can make things work when we find something we really must have.
Now there is nothing wrong with this sort of thing when it comes to an article of clothing, or tickets to see your favourite band. But what about when you are shopping for a house?
When you stumble upon that place that you feel you absolutely must have, the mental calculations you need to do to work out whether or not you can afford it can be a bit more complex.
Seeing a mortgage professional early on in the home buying process can save you the hassle.
They can help you work out your borrowing capacity and help you to apply and secure home loan pre approval.
That means that you will have the confidence to know exactly how much you have to work with to buy a house - no more headaches!
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.