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Home finance

Applying for finance? Things to consider

Applying for finance

Knowing the basics of the procedure of applying for finance is important for you and more so if you are a first-time buyer of a real estate property in Western Australia. Some of the important points are as follows: 1. Think about the amount you want to borrow and rate of interest: Lenders use a standard income tests for calculating the amount of money, a borrower is eligible to borrow. However, a greater challenge is how comfortable you are to make the repayments after managing other financial commitments. For nearly the last 5 years, the Reserve Bank Australia has kept…

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