Borrowing Power - How much can I borrow?
Your borrowing power (how much you can borrow) is something everyone should know before they start looking for property. Your borrowing power will vary between lenders depending on your circumstances, interest rates and lending policy. For the most secure indication of how much you can borrow, get a formal written pre approval. This allows you to tackle the property search stage with confidence as it is a commitment from the lender on how much they will lend to you.
In recent times, lending criteria has tightened and considerable differences have emerged between the interest rates and product features being offered by lenders. This has meant that it is now more important than ever to know who to ask what your maximum borrowing power is.
Find out your maximum borrowing power
Submit the form below and find out from an experienced mortgage broker how much you can expect to borrow based on your current income and existing expenses or call us on 13 LOAN (+61 2 9249 3739) and we will return your contact within 2 business hours.
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