Make Your Own Home Loan Luck

Unless you found the pot of gold at the end of the rainbow on St Paddy's Day, chances are that you'll still need to fund your property purchase the most common way – home loans.

You could still have the luck of the Irish though, because by doing some good planning there is no reason why you can't find a home loan deal that will leave you laughing.

Start out by finding out what you can borrow by using a loan calculator. These will calculate your loan borrowing power based on your income, expenses, debt and more.

With this general figure you can then use a repayment calculator to plot out a mortgage payment schedule that works for you.

The trick is to find a repayment roster that leaves you with enough money to meet your other financial obligations and expenses, all while chipping away at your loan at a decent pace.

Next up, go and see a home loan expert. They'll find you a home loan that best fits your circumstances and your property goals.

Now that's good craic! 

To get more detailed information on your situation, talk to a Loan Market mortgage broker today.

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