this post was submitted on 04 Jul 2023
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Most banks have a loan calculator, as does the real estate com au site.
Yeah, I had seen both. But they varied quite a bit, most of the banks I looked at was 3.5k, while realestate said 2.4k lol.
Well, a good idea would be to try to get pre-approval. The bank will tell you what your lending capacity is and give you an interest rate they'll charge. Of course, you should really be prepared for that to go up to 7 or 8% in the next couple of months or even more next year and think seriously about whether you can shoulder those increases.