Borrowing Capacity Calculator

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Owner occupied deals From 5.99% p.a. Comparison Rate* 6.01% p.a.
* The comparison rate is based on a loan amount of $150,000, over a 25 year term. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Like to get an idea of how much you can borrow? Crunch the numbers using our handy Borrowing Capacity Calculator to discover an estimate of where you are at. For a more accurate assesment, we can review your full financial situation to provide a you with a more certain result.

Understanding Your Borrowing Capacity

By knowing your borrowing capacity, you gain a realistic perspective on the kind of property you can comfortably afford, preventing the pitfalls of overextending financially. This knowledge empowers you to make informed decisions, tailor your property search to realistic options, and avoid potential disappointments. Moreover, a clear understanding of your borrowing capacity allows you to engage with lenders confidently, streamlining the loan application process and increasing your chances of securing favorable terms. Ultimately, knowing your borrowing capacity is not just a financial strategy; it's a key to unlocking the door to your dream home with prudence and confidence.

Who We Help: Our Services

With a solid foundation in accounting and a track record of assisting hundreds of clients in securing competitive home loans, our expertise positions us as a trusted partner in realising your homeownership aspirations. Our services include:

Our commitment is to provide comprehensive financial solutions that empower a diverse range of home buyers to achieve their goals with confidence and financial prudence.

Borrowing Capacity FAQs

What factors influence my borrowing capacity for a home loan?

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Your borrowing capacity is influenced by several factors, including your income, expenses, credit history, and existing debts. Lenders also consider your employment stability, financial commitments, and the loan term.

How is my income assessed in determining borrowing capacity?

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Lenders typically assess your income based on your regular earnings. This includes your salary, bonuses, and other stable sources of income. They may also consider rental income, dividends, or other supplementary earnings, providing a comprehensive view of your financial situation.

Can I include my partner's income when determining borrowing capacity?

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Yes, many lenders allow you to combine your income with your partner's when assessing borrowing capacity. This joint income approach can potentially increase the amount you are eligible to borrow, facilitating the purchase of a higher-value property.

Do lenders consider my existing debts when determining borrowing capacity?

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Yes, existing debts such as credit card balances, personal loans, and other financial commitments are factored into the assessment. Lenders evaluate your ability to manage these obligations alongside the proposed home loan, ensuring a comprehensive understanding of your financial responsibilities.

How can I improve my borrowing capacity for a home loan?

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To enhance your borrowing capacity, consider paying off outstanding debts, reducing discretionary expenses, and increasing your savings. A stable employment history, a positive credit record, and demonstrating responsible financial behavior can also positively impact your borrowing capacity.

Speak to your local broker at Beyond Broking

If you're seeking a thorough assessment of your borrowing capacity tailored to your unique circumstances, we invite you to schedule a complimentary call with our team . At Beyond Broking, we pride ourselves on taking the time to genuinely understand your financial situation and property aspirations. With a comprehensive understanding, we can collaboratively develop a strategic plan to optimise your capacity for success. Your goals are our priority, and we are dedicated to providing a warm and welcoming environment throughout your financial journey.

Get in touch with us today

Get an obligation free home loan and interest rate consultation with one of our brokers today.
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