Is it better to pay my HECS off?
Hello, looking to buy my first home in the next 1-2 years. Will have $150-200k saved up for the deposit. Currently earning approx. $95k pa and will (hopefully) increase... I have a hecs debt of $16k left, would it affect my borrowing power much? Or should I pay it off this financial year? How much would I be able to borrow based on my current circumstances? I am in an industry that qualifies for LMI waiver if that means anything. Thank you!
u/nininini567 — 7 days ago