mortgage

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Old Apr 20th 2008, 4:47 pm
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Default mortgage

what size mortgage would one be able to obtain with a gross salary of about $65000 , and what would be the typical repaymens over a 15 year period.

I have looked at the calculators on the real estate sites but I am still unsure
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Old Apr 20th 2008, 6:50 pm
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Default Re: mortgage

Originally Posted by cardmaker2
what size mortgage would one be able to obtain with a gross salary of about $65000 , and what would be the typical repaymens over a 15 year period.

I have looked at the calculators on the real estate sites but I am still unsure
There are just too many questions that have to be answered first apart from knwoing your annual salary in order to get a realistic answer as to how much you can borrow.
Run through the questions here and you will get the answer though.
http://www.yourmortgage.com.au/calcu...affordability/

Apart from that, if you take a loan of approx $250k over 15 years, then the basic monthly repayment at current interest levels is about $2,500 per month
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