How much can I borrow?

How much of the purchase price can I borrow?

This depends on a range of factors including your personal circumstances, the price of the property and any valuation that may be required (a bank valuation may not be the same as the purchase price).

Depending on the lender, they may be prepared to lend up to 95% of valuation, depending on your ability to repay. It's worth noting that loans of more than 80% valuation often require mortgage insurance, which the borrower pays for.

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Click here to work out how much you can borrow using our Home Loan Calculators.

Maria Cheetham is one of our many Choice brokers that can help guide you through the mortgage maze.