How Much Can I Afford To Borrow?
One of the most commonly asked questions that mortgage brokers hear is, how much can I borrow?
Of course borrowing capacity is a vital aspect of securing a home loan to make that ever important purchase, but perhaps the most pressing question is, how much can I afford to borrow?
Sometimes prospective buyers can get caught up in the flurry and excitement of owning a home and lose sight of the financial particulars of such a transaction.
As one of the largest financial commitments that many Australians make in their lifetime, it is important to proceed with a clear and realistic outlook of the size of mortgage they can and cannot afford.
This is where a mortgage broker can be really helpful. By looking at your finances, expenses, past history and future plans, your broker can provide pivotal advice about buying property that not only gets you into a home you love - but also sets you on a financially responsible course that will serve your best interests.
Mortgage brokers know that just because you can borrow a great deal of money does not necessarily mean that you should.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.