Anyone who has started the complex process of looking for a home to buy knows that there are a lot of decisions to be made.

You need to find answers to lots of different questions: what kind of property should I buy, what area should I look in, should I buy now or wait for three months – these are just a few.

There are also a variety of questions that come with arranging home finance. Luckily, mortgage calculators can help you find answers to these questions and act decisively and confidently. Here's how!

Find out your borrowing potential

A how much can I borrow calculator can tell you your home loan borrowing capacity.

How does it do that? Well, you enter information about your income, expenses, debts, credit cards and assets, and then the calculator takes all this and more to give you a general idea of the amount lenders are likely to allow you to borrow.

Knowing your borrowing potential can be empowering, allowing you to narrow your house hunt to those properties within the bounds of what you can afford.

Learn what your repayments will be

With a loan repayment calculator, you can see what your monthly, fortnightly or weekly home loan repayments will amount to for a given loan structure.

This is a great way to do a rough home loan comparison, as entering different interest rates and loan periods can allow you to gauge where you might earn relative savings.

Discover how extra repayments will help

If you are interested to know how extra repayments can help you save money over the life of your home loan, we have just the tool for you!

An extra repayments calculator can show you how much time and money you could save by making additional contributions towards your mortgage.

All mortgage calculators should be trusted only to give an indication of what you can expect.

You can contact a Smartline Mortgage Adviser on 13 14 97 for home loan advice. Or complete our call request form and we’ll call you!

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DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.