Buying a Family Home

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Buying a home for your family can be a difficult process that not only requires a lot of financing, but most often involves your emotions too. It will be the place that you will raise your kids for many years, so it’s important to make a good investment and find a property that suits all your basic needs.

READ MORE to gain a small insight into what some people look for when choosing a family home.

How to Use a Home Loan Calculator

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For many first-time home buyers, it is often a difficult game in knowing all the financial requirements that go into applying for your first mortgage.

A home loan calculator makes things easier by determining what size of mortgage you qualify for based on roughly 30% of your monthly gross income and your total net surplus income, the size and duration of your monthly repayments and also how your repayment amount and duration can be modified by supplementing your monthly repayments with additional funds.

READ MORE to find out how to use a home loan calculator.