Buying my first home ( confused )

Maka344

You need a good broker, not an in-store bank advisor.

-DeeDee-

Maka344 wrote: »

You need a good broker, not an in-store bank advisor.

Oh right. Does anyone know wheres the best place to look?

enthusiasticsaver

Normally lenders work on 4 times income as the multipliers so this is what they seem to have done with you. You do have to think that not only do you have to be able to afford the monthly payment now but if interest rates increase you also need to be able to afford it. Going beyond the normal income multipliers is not normally a good idea and how many people get into difficulties. I don't think going back to your mums will make you any more attractive to lenders although of course you could save more but not that much in 3 months. Can your kids not share a room if they are only there 2 nights a week?