Search results

It's great that you've got a good understanding of your budget and where your money goes. It's very important that you understand the figures involved in any financial commitment (such as a mortgage for an IP) and that you are confident that can afford that commitment. However, almost none...

Before you get carried away on how much you can borrow on your income, you need to consider that the stamp duties and other charges need to come out of your $180k. If you assume this comes to 5% of your purchase price, it gives you the capacity to borrow up to about $1.2M at 90% LVR. Given...