Know what size loan you can afford. Many experts say your mortgage loan shouldn't exceed 2. 5 times your annual salary. Your monthly payment will be dictated by the size of your loan and the amount of your down-payment. You can reduce the size of your monthly payment by increasing the size of your down-payment.
Get pre-approved by a mortgage lender. Before beginning your home search, it's a good idea to get your loan pre-approved by a mortgage lender. This will let you know how large of a loan absa personal loans department can expect to get.
You can use this information to narrow your home search to properties that are priced to fall within the limits of your loan amount.
Total repayments 0made up of an establishment fee of 0 and interest of 0. The repayment amount is based on the variables selected, is subject to our assessment and suitability, and other important terms and conditions apply. Total repayments 10made up of an establishment fee of 800 and interest of 2,400. The repayment amount is based on absa personal loans department variables selected, is subject to our assessment and suitability, and other important terms and conditions apply.
How much do you need. Your total repayment will be 654. 50.
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