It depends upon the deposit that I have saved.
It depends upon how much I earn.
The maximum that my income and other commitments will allow.
It depends upon the home loan affordability formula applicable to each bank.
All of of the above.
$660 incl GST.
It depends upon the loan interest rate, product and features.
Never pay an establishment fee.
The insurer will make the payments on the loan should the borrower get sick or incapacitated.
It allows you to borrow in excess of the standard lending guidelines of the banks. Eg 80% of the purchase price..
It prevents the bank from selling my house should I not be able to meet my repayments.
It gives peace of mind to the borrower.
All of the above.