The lender’s main concern in determining how much you can borrow is “Can they repay the loan?”. They may not take into account a host of other personal matters, like lifestyle – but you should.
You might be able to afford to service a large loan, but only if you have no social life whatsoever. You need to consider whether that’s a trade-off you’re happy to make.
For all your lending needs please don’t hesitate to contact me.
Useful Links www.mfaa.com.au
Mortgage and Finance Association of Australia
www.brokernews.com.au
Up to date information and articles relating to the Mortgage Industry.
www.rba.gov.au
Reserve Bank of Australia
www.sro.vic.gov.au
Victorian State Revenue Office. Up to date information regarding stamp duty etc.
www.asx.com.au
Australian Stock Exchange
www.brw.com.au
Business Review Weekly. Up to date information regarding the property and financial industry.