Did you know each lender assesses how much you can borrow differently?
Your borrowing capacity can be affected by your income, family size, location, current debts, type of employment, type of loan and the lender that you choose.
There are various things you can do to improve your borrowing capacity. The most common one is credit cards. If you have unused credit cards … cancel them. A credit card can reduce your borrowing by $000’s. You can always put your cards in credit when you are travelling which will increase your limit if you need it! Check with your lender first.
Choosing the right home loan and lender and knowing their policies is also very important so that you can achieve your objectives to owning that property. This is what I do for you.
Leave a Reply