Financial Consulting AUSTRALIA
  • Home
  • About Us
  • Services
    • Lending Services
    • Mentoring - New Brokers
    • Study Options
  • FAQs
    • What does a mortgage broker do?
    • Why use a mortgage broker?
    • How much can I borrow?
    • Which locations do you service ?
    • How many lenders are you able to deal with ?
    • When to apply for a loan ?
    • Do I need legal representation ?
    • What type of loan is right for me ?
    • Who sets interest rates ?
    • What is the Loan to Valuation ratio (LVR) ?
    • What is Lenders Mortgage Insurance (LMI) ?
    • Are there any other costs ?
  • Calculators
  • Links
  • Contact Us
  • Mentoring References
  • Client Testimonials
How much can I borrow ?

 Lending institutions need potential borrowers to meet two main ‘capacity’ measures.

Firstly, how much a borrower can borrow is directly limited to the amount a borrower can comfortably repay over the life of the loan. In simple terms, how much disposable income does the borrower have from which to meet the loan repayments without putting the borrower into undue financial difficulty?

Secondly, how much does the borrower have in the form of savings that can be used to provide the right borrowing buffer for the lending institution? Savings also play a more significant part in the loan process. A good and steady savings pattern provides a good indicator of a borrower’s ability to meet regular and disciplined repayment requirements.   


Back
Privacy Policy
Compliments and Concerns
​References

Credit Representative Number 467035 is authorised under Australian Credit License Number 389328
Proudly powered by Weebly