There are several ways on which choosing a home within your affordability can help with your retirement planning.
An affordable home means keeping your overall cost of home ownership low. This translates to more savings for you to park in your retirement savings, which is crucial in retirement planning.
Finding a home of the right size and valuation also helps to keep living expenses low. This means more budget for other retirement expenses, such as travel and medical care.
With careful planning to purchase a home within your means, you will be able to pay off your mortgage before retirement. This reduces your debts and monthly expenses during those years while you are also saving up for retirement.
For a suitable home loan package and to get help finding the best mortgage rates, you may use our free-to-use mortgage tool
, or speak to our friendly Mortgage Experts
for personalised recommendations for your home ownership plans.