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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.