A Wiser Mortgage Calculator

Find out how much you could borrow.

You could borrow up to

and buy a home worth .

*Most residential mortgages require a minimum of 10% deposit.

This amount is an estimate based on what a typical bank may offer. All lending is subject to application and approval by the lender. The actual amount you can borrow will depend on your situation and lender criteria. RateWise is an introducer, not a lender.


Loan Calculator FAQs

How does mortgage financing work?

A mortgage is when a bank or lender loans a customer funds to pay for their home. In return, the loan is secured against the value of the customer’s property.

What types of mortgages are there?

There are two main kinds of mortgages: fixed-rate and variable-rate mortgages. A fixed-rate mortgage is when a customer’s interest rate stays the same for a period of time (usually two to five years) so the repayment amount doesn’t change. A variable rate mortgage is one where the rate of interest a customer pays can change, and so do the repayment amounts.

What is a mortgage broker?

A mortgage broker is a mortgage specialist who matches customers with suitable mortgage products and lenders on their behalf. It’s the broker’s job to try and find the best possible deal for their customers. RateWise is an introducer, so we provide you with this service, at no charge.

Can I still get a mortgage if I have bad credit?

Bad credit will not prevent you from getting mortgage financing. Our certified lenders have success in helping clients with poor credit. There are a number of lenders who we match customers with who are experienced in finding solutions. Fill out our online application today to get matched with a lender.

What is the process of getting a mortgage?

First, fill out our free, online application. It takes about two minutes of your time. Then keep your phone handy because a certified lender from our network will give you a call and offer you a financing solution.

Say No to Fees

We won't charge you for our service, ever.
RateWise is lender-funded so we pass the savings on to you.

No Sales, No Obligations, No Hidden Fees.