How much can I borrow?

By using a Mortgage Store broker, we may be able to use our strong relationship with lenders to help you get the maximum amount for your loan.

Before contacting a Mortgage Store broker, you should also think about:

• How much of a downpayment (money from your own pocket) or deposit you can contribute. Usually you need at least 10 per cent of the purchase price.
• Ensuring you have enough money to cover fees such as stamp duty and legals. Note that many states have reduced or removed stamp duty from some purchases.
• Being confident that you can afford the monthly repayments. You need to build in enough of a safety margin so that if interest rates do increase during the lifetime of your loan, you can still get by.

For more information, contact Mortgage Store using the form below.