How does the income filter work?
Our system calculates the recommended budget from your monthly household income/salary and matches it with each property's monthly home loan payment. The results are within what's recommended for your income/salary.
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Recommended Budget - 40% of your gross monthly household income/salary
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Monthly Home Loan Payment - depends on the default values being used by the majority of banks for home loans:
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Number of years to pay: 5 years, 10 years, 15 years, 20 years
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Downpayment: 20% of the total price of the property
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Interest Rate: 7%
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