Investing

What’s the difference between Prime Cost or Diminishing V... Two methods can be applied when depreciating property, the Diminishing Value (DV) and Prime Cost (PC) method.
Read more

How much can I borrow?

Before you start looking for an investment property you need to know how much you can afford to spend and repay.
  • The amount you can borrow will depend on a number of factors. Use a loan calculator to get an estimate.
  • Your Lender can give you an idea and/or a pre-approval on your borrowing capacity, which is usually valid for three months. This gives you an accurate estimate of what you can currently afford, taking into account:
-    Your annual income;
-    Your monthly expenses;
-    The type of loan and current interest rate;
-    Repayment type (principal or principal and interest);
-    The loan term (number of years to pay the loan back); and
-    Estimated repayments.
Back to questions
AMO