The ability to service (pay) the loan payments is important. Your income together with existing loan and credit card commitments are important. It is also important that you have sufficient remaining income to cover normal living expenses. As an example, each month a couple with two children would need to have at least $2750 left for living expenses after having paid their loan and other financial commitments.
Contact your Wynnum Mortgage Broker who can run a scenario to assess your borrowing capacity.
Call George Cremona from Mortgage Choice your Mortgage Broker in Wynnum 07 33936200.