The first thing you should do is a budget.
Work out exactly how much you earn each month versus how much you spend. The left over amount will give you an idea about how much you would have to make monthly repayments.
Try our online
budget planner.
Remember that the rent you currently pay will be free to go towards your mortgage.
If you have any debt at this point, you may want to consider paying it off quickly, so your money is free for your home loan repayments. Check out our
debt consolidation packages and
debt consolidation calculator to see how you can be debt free sooner.
