We agree with the contractor that the damages resulting from increased interest rates are consequential damages. Increases in interest rates are not caused by delays in completion of construction contracts.
So you can multiply your current rent by 1.33 to arrive at a rough estimate of a mortgage payment. Hereâs an example: If you currently pay $1,500 per month in rent, you should be able to comfortably afford a $2,000 monthly mortgage payment after factoring in the tax benefits of homeownership.
one or two lenders, or a mortgage broker, in your area. Government assistance. If you can afford mortgage repayments but don't have a deposit, you may be eligible for a Welcome Home Loan. With this scheme you can borrow up to $200,000 with no deposit, and up. to $280,000 with a small deposit, to buy a home.Lending criteria are. different to standard loans.ow much a lender will lend on a property.  1 low equity premium. 2  or mortgage indemnity insurance if you borrow over 80 percent. 3  This. 4  protects them from the risk that you might not keep up repayments.