Mortgage - How much can we borrow?

[Cannons]

Hi,

 

Can anyone tell us how banks/lenders calculate how much you can borrow for a mortgage? Is it the same as UK in that its so many times your annual salary if so how many times?

 

Thanks

 

Jo and Derek

[minty]

If you go on realestate.com.au there are a couple of morgage calculators on there. I dont know how accurate they are or if things like large deposits change the borrowing amount. Would be good to get a couple of examples from people over there who have gone through the process.

[Guest Django]

Send Andrew Williams a pm. He will be more than willing to fill you in and will also find you a good deal t' boot.

 

Pete

[Andrew from Vista Financial]

Cheers Pete.

 

Hi Cannons, as Pete says I will be more than happy to give you some info on mortgages. Probably best to PM me as I might need some personal info.

 

Regards

 

Andy

[jim and adel]

Sorry for hijacking the thread, but I've also sent you a PM Andrew.

 

Cheers, Jim