Wondering how you’ll be able to buy your own home with one income and dependants?

Owning your own home as a solo mum

For some women, owning their own home can feel like a distant dream. There can be an assumption that buying on one income, particularly with children or plans to become a mum, automatically means home ownership is out of reach.

In this expert session, we’re joined by mortgage broker Amie Parker from She’s Got the Keys Mortgage Solutions.

Amie will explain how lenders generally assess home loan applications and some of the factors that can influence borrowing capacity and serviceability, including income, living expenses, existing debts, dependants, your deposit and lender policy.

She’ll also cover the upfront costs home buyers need to plan for, why your maximum borrowing capacity isn’t necessarily the same as your personal home-buying budget, and some of the things worth considering when preparing financially for home ownership.

The session will also explore how you can approach buying a home in a way that takes into account not just the loan itself, but the lifestyle and financial flexibility you want for yourself and your family.

This session provides general information and education only. Individual borrowing capacity, eligibility and home loan options depend on your personal circumstances and lender requirements.

Join this session:

SMS member: This is included as part of your membership. Log in to the SMS Community for the Zoom details and to RSVP. The recording of this session will be available in The Library if you can’t make the session live.

Not an SMS member:

You can still join this expert session to get this fantastic information. Choose to attend the session live or watch the recording afterwards.