Your home loan borrowing capacity can vary significantly amongst various lenders. This is due to the fact that each lender calculates your borrowing capacity using completely different formula’s. So if a particular lender says they won’t lend you the amount you require there is a good chance that another lender may say otherwise. We use sophisticated computer software that will give you an indication of how much each of the more than 30 lenders on our panel will lend to you immediately.
The best way to show the differences between the various lenders is to give you an example. A couple has one child and incomes of $40,000 p.a. and $30,000 p.a. respectively. The couple also have a credit card with a $3,000 limit and they have one medium sized car.
There is a massive borrowing capacity difference of about $250,000 between the lender that will lend the most and the one that will lend the least. This is a great reason for you to call us on 1300 66 12 11 or to input your details below.
To find out an accurate indication of your home loan borrowing capacity simply complete this secure form and we will get back to you shortly with an indication of your maximum borrowing power.