Have you tried online finance calculators?

Do you have a lot of questions but not a lot of time to look for answers? Well, we have good news! A lot of your initial finance related questions can be answered by simply using online calculators. Of course, we recommend you book an appointment with a mortgage broker, but these handy tools will help get your finance journey started!

Below we explain how each one can benefit you!

Repayment Calculator

This type of calculator allows you to understand what you can expect to pay each fortnight for your home loan. Before applying for a home loan, it is important to feel comfortable that you can manage your repayments. By entering your loan details and viewing the results, it will also give you an indication as to whether you want to reduce or increase your loan amount.

Borrowing Power Calculator

This calculator provides you with a guide as to how much you, and your partner if applicable, can borrow from a bank based on your current income and outgoings. Having this knowledge will assist you in your property search as you will understand what homes will fit your budget and lifestyle.

Buying and selling Calculator

If you are buying or selling property, you probably already know there are many different costs to consider. This calculator provides an indication of what is involved in doing either or both buying and selling. However, there are a lot of important factors to consider relevant to borrowing power so you should seek expert advice for a better indication. 

Personal Loan Calculator

Considering applying for a personal loan for a car or perhaps even debt consolidation? This calculator will allow you to estimate how much your loan repayments could be. Once you have that information, you can begin to set a plan in action with an understanding of what you can afford.

Our friends at Resolve Finance have a great variety of calculators you can try here