Skip to main content

]]>

Main content ]]> ]]> ]]> Home Compare deals Finance news Managing money Investing Home & property Credit & loans Life stages Tools & guides Small business Home > Credit & loans > Home loans > How much can you borrow? Print


How much can you borrow? | Updated: 5:50:15 PM, Thursday March 29, 2012
By Mozo How much can you borrow?

While everyone’s situation is different, a good rule is that mortgage repayments shouldn’t exceed 35% of your combined income.

BigPond Money deals

While everyone’s situation is different, a good rule is that mortgage repayments shouldn’t exceed 35% of your combined income.

Before you borrow…

Home loan interest rates are the first thing you’ll look at, but there are other factors you should take into consideration.

  • Could you afford repayments in the event of job loss or pregnancy?
  • Should you take out – and can you afford – mortgage protection insurance or income protection insurance
  • Have you taken account of upfront costs? These include:
  • stamp duty
  • loan application fees
  • solicitors’ fees
  • building and pest inspection
  • property valuation fees
  • home insurance

Share this article |

Comments

Leave a comment

Follow this conversation Name: E-mail: Your URL: Comments: Follow any further comments to this article. All comments are moderated. Enter security code:  Security code

Follow this conversation

Leave a comment Your e-mail: You will be emailed when any additional comments are approved by the moderator. You are only subscribing
to comments made to this article. You may unsubscribe via the link provided on notification emails.

Compare deals

buttonset-backgroundCompare personal loans » money

Related guides and tools


From credit cards to home loans, compare online and save! From credit cards to home loans, compare online and save!

From interest rates to annual fees, rewards programs and penalties, a new breed of …

A bridging loan could get you in deep water A bridging loan could get you in deep water

A bridging loan can tide you over while you sell your home, but an impulsive decision …

Agent predictions for property in NSW in 2012 Agent predictions for property in NSW in 2012

A flatter property market characterised 2011 for Sydney, yet things are looking brighter …

How do professional athletes manage their money? How do professional athletes manage their money?

Living within your means is a whole new ball game when all of a sudden you’re rolling in …

Australian project wins world’s best apartment Property Market Review – Winter 2012 Economist tears roof off affordability study The end of a house price hiatus Negotiate a better mortgage Safeguard your family’s future First home buyers going into hiding

Compare deals


Find a lower home loan rate! compare home loans Compare home loans Give your loan the boot! boot home loans Compare home loans Don’t get a shaky home loan! Don't get a shaky home loan Find home loans Go  


Sign up to receive the latest finance news. Email: Subscribe
Connect with us on: Connect with FacebookFacebook Connect with TwitterTwitter Connect with LinkedInLinkedIn Connect with Google PlusGoogle+

BigPond on Facebook

Mozo powered rates widget

Tools & calculators


Currency converter &raquo


Convert: From: To:
Convert Amount: Data supplied by Morningstar, based on a 30min delay.

  BigPond Sport, Movies, Music and Games downloads, video streams and editorial content are unmetered for most BigPond Broadband members. Sitemap | FAQ | Contact Us Terms of Use & Disclaimer – Please read

TelstraBigPond ]]> ]]> ]]>