How do banks assess you for a home loan? And how do you work out what you can afford?
- Written by Ama Samarasinghe, Lecturer, Financial Planning and Tax, RMIT University
Navigating the money side of buying a home can be daunting – especially if it’s your first time. Unless you’ve recently come into a small fortune, you’ll need to have saved a deposit and take out a home loan.
That means engaging with the world of banks and mortgage brokers, and grappling with what might be...
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