The dream of owning a home is something that many aspire to, and while it may seem like there are a lot of steps involved in the process, with the right tools the homebuying journey can be effortless.
The MyMAB app is here to help you simplify the process and make your path to homeownership more accessible.
Let’s take a closer look at some of the key features of the app and how it can transform your homebuying journey.
Work out how much you can borrow
With our affordability tools, you can calculate how much you’re able to borrow, making the task of budgeting effortless and pain free. We’ll look at what you’re able to afford, and give an estimate of your monthly mortgage repayments.
Affordability calculator
Affordability is a major component of the mortgage process and it's important to have an understanding of where you're at in your journey. Do you need more of a deposit? How does your credit score look? Do your incomings and outgoings make sense?
This and more goes into working out your affordability. We've made the process super simple by putting together a handy dandy calculator in the app to get you started.
Deposit tracker
Knowing how much you need for your deposit is crucial in when planning your financial journey. The app provides an easy to use deposit tracker, which takes into account the property's value, lending criteria, and your financial situation to work our the minimum required. From there, you can use our handy slide tools to tailor the results to your circumstances.
Savings tracker
One of the most challenging aspects of buying a house is saving for a deposit. Our app features a smart and user-friendly savings tracker that helps you set realistic savings goals and monitor your progress. By inputting your income, expenses, and desired timeline, the app will work out not only how much you need to save each month, but how close you are to your goal.
Timelines
Setting a clear timeline is essential when embarking on the journey towards homeownership. The MyMAB app supports you with this by laying out clear dates and milestones to work towards. Not only that, but it lays out a full step-by-step journey for you to take.
Step-by-step journeys
Perhaps one of the most valuable features of the MyMAB app is its guided journey process. The app offers a step-by-step checklist to take you from square one to that final handshake.
From evaluating your financial readiness to connecting you with mortgage advisers, the app is the planning tool for you.
Read our expert advice articles
Browse our library to answer any of your home buying questions. We know you have a bunch of questions about buying your new home, and our expert advice articles can answer the lot.
Knowledge articles
Buying a home involved navigating through various processes and jargon. The app offers a wealth of knowledge articles to cover essential topics related to homeownership and beyond.
From understanding different mortgage types to grasping the intricacies of surveys, these articles are your guide through the noise. Think of it like an encyclopaedia in your pocket!
Push notifications
Staying up-to-date with the latest trends, market conditions, and financial news is crucial when making important monetary investments. The app can keep you informed, delivering real-time news and updates relevant to your situation and the overall housing market.
Everything we share is designed to keep you informed and involved.
Unlocking the power of digital tools
The MyMAB app is a game changer for prospective buyers and we're always working on it to ensure it's the best it can be.
With powerful features such as savings trackers, affordability calculators, and knowledge articles, the app is a robust all-rounder than can help you transition from renting to homeownership seamlessly.
By using the MyMAB app, you can confidently take control of your finances and make your dream of home ownership a reality.
So, why wait? Download the MyMAB app today and try it out for yourself. The best part? It's completely free.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Download the Mortgage Advice Bureau app
Our app is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or just fancy a move.
We’ll guide you through step by step to ensure you always know what’s coming up next.
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