Our team is here to help you evaluate your financial situation and understand how it applies to the property you’re aiming to purchase. When assessing whether you can afford a new home or property, it’s important to factor in ongoing costs such as monthly loan repayments, property taxes, insurance, and maintenance expenses. Understanding key details — like the interest rate you qualify for, your deposit amount, and the loan term — can provide a clearer picture of how much you can afford based on your current income and expenses. Let us guide you through the process and explore the best loan options to suit your needs.

We’ll guide you through the key factors that influence the affordability of your loan, ensuring you make informed decisions. This includes understanding your loan term length, which determines how long you’ll be repaying your loan and your monthly loan repayments. We’ll also help you assess your loan amount, ensuring it comfortably covers the value of the property you’re looking to purchase or refinance. Your interest rate is another critical factor. We’ll explain how it’s influenced by market conditions and your financial situation, so you can secure a loan that aligns with your budget and goals. Let us help you navigate these considerations to find a loan that works for you.

Refinancing offers a great opportunity to reduce your monthly loan repayments, lower your interest rate, or even access cash by borrowing against the equity in your property. In most cases, you can refinance after owning the property for at least six months. However, it’s important to weigh the exit costs and any other associated expenses of refinancing. Lowering your interest rate and monthly payments can be highly beneficial, but it’s worth considering whether the refinancing costs can be recouped before you plan to sell your home. Our team can help you assess if refinancing is the right move for you, ensuring you make the most of your property’s potential.