Finance News

Step 1: Determine your maximum borrowing amount Borrowing power is the maximum amount a lender will let you borrow to finance your property purchase.  Your borrowing power is determined by considering your income and financial commitments, as well as your current savings position and your credit...

While your lender will give you a amount as the maximum you can borrow, it is essential that you determine your own borrowing capacity when searching for your new home.  The choices you make when taking out a mortgage have long lasting implications - so you...