Most of us do not have enough cash to pay the full cost of a property, and would need a housing loan to finance our purchase.

As you start hunting for a home, you should have an idea of your budget. It makes financial sense to have some figures in mind, even if they are just estimates.

A housing loan is a long-term commitment, and you should feel comfortable with the repayment. It’s hard to have peace of mind if you have little cash for living expenses after making large housing payments every month!