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Sam2018

Sam2018

Key money tests to PASS before getting your first mortgage

7Mo ago 0 Replies 137 Views
Planning to buy your new home?  You need to be both emotionally and financially ready for this BIG step in your life.

Taking on a mortgage is one of the biggest financial decisions you’ll ever make, so before you take the plunge it’s a good idea to take a moment to consider all the expenses attached to owning your first home.

1. You have a budget and you know how to use it test.
2. I can afford to borrow ... test.
3. The sizable deposit test.
4. Repayments roadtest
5. Rate rise test

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