Once your savings plan is tracking along, the next step is
to figure out what you can afford to borrow. We know at Yellow Brick Road Rosanna that buying your
home is likely the most expensive purchase you’ll make in your lifetime, so you
need to know your limit. Use our calculator to work it out.
Of course, as interest rates are variable and change over
time, this should only be used as a general guide. It’s also worth noting that
rates are at historically low levels right now, so you need to factor in
interest rate rises over your loan period. Generally 2-3% above the current
rate is a good estimate to go by.
Make sure you factor in stamp duty - an upfront charge which
is applied by state governments in Australia in relation to the transfer of
land or property - by using our stamp duty calculator. Charges differ state by
make sure you speak to your Yellow Brick Road mortgage broker before you sign anything
to make sure you are choosing the best mortgage for your unique financial