New Zealand Mortgages, Home loans, Commerical, Investment Properties Kapiti Wellington

What will my repayments be?

Repayment Result
Your monthly repayment is:

This calculator should only be used as a guide, and is based on the following assumptions:

loan amount, deposit, term and interest rate are as you have keyed in.
loan interest rate will remain steady at your nominated rate throughout the loan.
your repayments remain constant throughout the loan, and are always paid on time.
the loan is paid off over your nominated term.

Did you know you can buy a rental property for $200,000, where you have only 10% equity in your own home, which has a value of $200,000?

You would need to have an income of $67,000 p.a.including rental income of $230 per week.

Paying rent? If you were paying rent of $250 per week, you could afford to buy a home for $160,000,

with a 5% deposit -$8,000 only!

How much can I borrow?

It is advantageous to know your borrowing power before you go out looking for that property or committing to a project.

Often folks are surprised of their borrowing capacity.

Your Mortgage Link Kapiti adviser can advise you of your borrowing power. We will take into account:-

	your lifestyle goals
	your savings record
	the price of the home you would like to buy or build.
	the valuation of the property.
	your personal/business /rental /boarding income.
	your other assets and repayments.
	other costs associated with the purchase of your home.
	how much you have saved as a deposit (sometimes a deposit is not required!).
	your appetite for risk
	your stage of life

If you want help from Mortgage Link Kapiti to work out how much you may be able to borrow click here

Do you qualify for a home loan?

Gross Income	$30,000	$40,000	$50,000	$60,000	$70,000
Mortgage Affordablity	$97,600	$130,000	$189,000	$227,600	$265,600

What value house?

Deposit / Equity 5%	$10,000	$15,000	$20,000	$25,000	$30,000	$35,000
Value Home	$200,000	$300,000	$400,000	$500,000	$600,000	$700,000

Note: 100% finance available. Gifted and borrowed 10% deposits ok.