The Reserve Bank of Australia (RBA) has announced another change to the official cash rate, continuing its ongoing effort to manage inflation and stabilise the economy. While rate movements can feel overwhelming, the impact on your home loan- and your financial strategy- is what matters most. What This Means for Your Mortgage If you […]
Tag Archives: borrowing power
15
Jan
Jan
Buying a new home is a significant milestone, but before delving into the real estate market, comprehending your borrowing capacity is critical. Understanding how much you can borrow for your next home purchase involves numerous factors that can sway your loan eligibility. Whether you’re a first-time buyer, buying your next property or are an experienced […]
17
Oct
Oct
As a higher rate means higher mortgage repayments, a lender will assess your ability to service a home loan, based on your current income and financial situation, on this larger payment amount. A higher-rate environment may mean that you cannot borrow as much for a home loan, as you would not be able to afford […]
12
Sep
Sep
Whether you’re a long-time investor or looking to purchase your first investment property, one of the first steps in your home buying journey will be to discover how much you can borrow in a mortgage. There are several factors that may influence the amount that a lender is willing to offer you, including your personal […]
08
Feb
Feb
Whether you’re planning to purchase your first home or daydreaming about your next property, it can be hard to compare your options without knowing what you can afford. If you’re considering taking out a home loan for your first or next property, it’s worth taking some time to calculate how much you can borrow for […]