Most banks will not lend you the entire value of a property when you purchase a home. You're usually going to need a deposit of at least 5% of the purchase price, but there are caveats to how much deposit you'll actually need. You're probably aware of the costs of buying a home, but do you know how much it costs to sell one?
The knowledge gap about LMI remains wide despite the continued growth in the number of new LMI loans for both owner-occupiers and investors. A likely rollout of stricter lending conditions could be a headwind on housing affordability. One lender slashed the rates of its variable rates for owner-occupiers by as much as 60 basis points.
The knowledge gap about LMI remains wide despite the continued growth in the number of new LMI loans for both owner-occupiers and investors. A likely rollout of stricter lending conditions could be a headwind on housing affordability. One lender slashed the rates of its variable rates for owner-occupiers by as much as 60 basis points.
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Your Mortgage is one of Australia's leading independent home loan comparison websites with access to more than 1,400 home and investment loan products from over 80 lending institutions. Since 1995, we've been helping Australians make more informed financial decisions so they can find the right home or investment loan for them.
Find the right home loan for you, understand what you can afford to borrow, and explore every facet of home ownership or property investment. Use our mortgage calculator to help you work out your monthly, fortnightly, or weekly repayments. If you buy an asset, like a piece of property, and sell it later, you may owe capital gains tax on the profits.
Calculate the cost of your home loan repayments using our mortgage repayment calculator to find out how much you can afford to borrow. Compare how different interest rates, loan terms and repayment frequency can impact the cost of your loan. A home loan is the biggest expense most people will ever have.
Although this calculator acts as a simple mortgage calculator, you can also use it to see how much you can save when you make extra payments regularly, or if you make a one-off lump sum repayment into the mortgage.
The average home loan can last a buyer anywhere from 25 to 30 years; a long time to be making repayments and incurring interest, which is why there are a few options available to significantly reduce the entire life of a home loan and any additional fees it incurs.One of the least complicated ways to put your money to good work, is to put it towards your home loan as additional and lump sum payments.
The average home loan can last a buyer anywhere from 25 to 30 years; a long time to be making repayments and incurring interest, which is why there are a few options available to significantly reduce the entire life of a home loan and any additional fees it incurs.One of the least complicated ways to put your money to good work, is to put it towards your home loan as additional and lump sum payments.
Want to find out much you can borrow for a home loan? Our borrowing power calculator gives you an initial estimate of what a lender may be willing to lend you based on your income and expenditure. Your Mortgage's borrowing power calculator considers a few important factors that can determine your borrowing capacity, or how much you would be eligible to take out on a home loan.
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