This calculator will give you an estimation of your mortgage repayments, and allows you to experiment with different interest rates, repayment periods etc etc.

These numbers are useful especially if you are renting, as you are able to do some rough comparisons between your current rent and a possible mortgage repayment. Always remember though that a home comes with other expenses that renting doesn’t, such as insurance, rates and maintenance that you’ll need to factor in when budgeting.

You can access the repayment calculator here…. https://vegalend.co.nz/calculators/mortgage-calculator/#sc-iframe-mortgage-calculator

This calculator will give you a rough estimate on how much you could actually borrow to buy a home.

Note – when entering a figure for Annual Expenses, do not include rent or board, which obviously would no longer be applicable once you own your own home.

You can access the “How much could I borrow” calculator here…. https://vegalend.co.nz/calculators/how-much-can-i-borrow/

This calculator provides an indication as to whether a lender would be prepared to offer you a mortgage in your current situation.

It takes into account such things as your income, existing debts and the size of your deposit. You’ll see that the larger the deposit and the lower your existing debts, the more likely you are to get a mortgage approval.

You can access the “How likely am I to get lending” calculator here…. https://vegalend.co.nz/calculators/how-likely-am-i-to-get-lending/