Thinking of a home loan?
Friday July 25, 2008
Before hitting up your banks for a home loan, sit down and consider if you can afford one just yet. A home loan is a huge commitment and many Australian's are feeling the stress of rising interest rates. Some people feel that renting is a waste of money; many want to own their own house as soon as possible.
When you're looking at banks and their home loans, try using calculators to get a rough estimate of what you'll be paying for your home loan.
A borrowing power calculator can give you an idea of how much you may be able to borrow from your bank based on your current salary and financial commitments.
A loan repayment calculator gives you a general estimate of what your loan repayments should be depending on how often you make your repayments.
Compare home loans now and find out which banks offer you home loans you can afford.
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