Buying a home can be a daunting process. Everyone questions themselves when they are buying their first home. Is this a good time? Can I afford it? I don’t know how to get started. The list is endless.
The most important point to consider is whether you can afford to buy a home. When you take out a mortgage you are committing to making repayments for the duration of the loan which could be up to 30 years. If you miss any repayments then you could be at risk of losing your home. You can use our repayment calculators you can see what amount you can afford and also adjust the term to see how long you would like to pay this over.