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Affordability Calculator

An affordability calculator is a tool used to determine the size of a home loan someone can borrow. This home loan amount is determined by the users inputs of income and financial expenses. As rule of thumb to have a quick and rough idea of your borrowing power you can multiply by 6 you actual income. You should also have in mind that roughly your fixed payments such as total monthly mortgage repayments plus any other loan or hire purchase payments, should be no more than 40% of total monthly gross income.

Find a link to Tella's affordability calculator below to have more detailed knowledge about your affordability power.

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