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One of the biggest mistakes first home buyers make is focusing entirely on how much they can borrow, rather than how much they can comfortably afford. These are not the same thing. A lender might approve you for a certain loan amount based on their own assessment. That doesn’t mean borrowing the maximum is the […]

If you’ve ever stalled your home-buying plans because you thought you needed a 20% deposit, you’re not alone, and you’re also not stuck. Many first home buyers purchase property with far less than that. How much deposit you actually need depends on the property’s price, your borrowing power, the lender’s requirements, and whether you qualify

If you’ve started looking at properties before knowing your borrowing power, you’re not alone. Most first home buyers do it the other way around, they fall in love with a suburb, then find out the bank won’t lend them anywhere near enough. Your home loan borrowing power is the maximum amount a lender is willing