Your income will determine your borrowing ability. A general rule is the bank will use 35% of your income for servicing a home loan.
If your repayments are within 35% of your income then that's a good start.
The term of the fixed interest rate loan will depend on the interest rates available at the time and probably more importantly, your future plans.
We can review your mortgage structure and complete your Fixed Rate Rollover for free.
Are you scratching your head over how much you need for a deposit?
You may be ready now, or are very close! Fill out our preconsultation form to see how you are placed and what is required to be ready for your first home deposit.