Bond calculator
Income, Monthly Repayment Amount based on the calculated Home Loan Amount, the Interest Rate charged together with their chosen Loan Repayment Term as well as other related costs home buyers may need to be aware of when financing a new home.
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Affordability Assessment Calculator
The Bond Calculator is used anonymously with Bond Affordability Assessment and very common term in the home finance process. It helps home buyers determine the Total Home Loan Amount the bank may be willing to grant based on their total Monthly Disposable Income, Monthly Repayment Amount based on the calculated Home Loan Amount, the Interest Rate charged together with their chosen Loan Repayment Term as well as other related costs home buyers may need to be aware of when financing a new home.
Understanding Home Loan Affordability Assessment Calculation
Bond Calculator: Helps to determine the Maximum Home Loan amount a home buyer can qualify for and Monthly Repayment they could pay on their approved home loan. It is calculated by adding together the maximum loan amount granted and deposit funds available.
- Affordability also known as the possible Maximum Loan Amount one could qualify for. It is determined by taking into consideration the maximum Total Monthly Household Income, generally limited to only a Maximum of 30% of the monthly household income than can be used towards serving debts (debt-to-income-ratio) allowed, less any Deposit Funds available, which also reduces the Total Loan Amount applied for.
- Putting down a deposit is advisable as it helps to reducing the home buyer’s Monthly Repayment as well as lowers the Total Interest Payable over the Loan Repayment Term.
Why Use LNK Invest Mortgage?
We understand Home Finance. Giving home buyers the confidence of dealing with a team of experts with banking background and experience, which helps uniquely positions our team to better and effectively handle their Home loan Application Process requirements with due profiency and professionalism.
We make dreams of owning homes a reality. Here’s how the process works
Finance Partners
LNK Invest Mortgage works with all the leading banks and financial institutions to bring you a comprehensive and wholistic service experience, whilst improving the chanhes of securing the much needed finance to torwards acquiring your family’s nesting home.
Our team also actively contininues to formulate, cultivate strategic partnerships and work with various industry partners including Estate Agencies, Attorneys, Property Developers and Financial Intsitutions.
