Check Your Borrowing Capacity
Understanding your borrowing power is the first step toward your property goals. Whether you're a first-home buyer or a seasoned investor in Euroa, knowing your budget gives you the confidence to negotiate.
I'm Matthew Teasdale. While calculators provide a great estimate, every lender has different rules. I'm here to help you find the right fit from over 60 banks and lenders.
What influences your borrowing power?
Income & Employment
Lenders assess salary, bonuses, and commissions differently. For self-employed clients, we generally look at your last two years of tax returns to establish a stable income figure.
Existing Debts
Credit card limits and personal loans impact your capacity. Even an unused credit card limit is viewed as potential debt by many lenders.
Living Expenses
Modern lending requires a detailed look at your monthly spending. Proving a consistent savings pattern can often help strengthen your application.
The Serviceability Buffer
Banks test your ability to repay a loan at a higher interest rate than the current offer to ensure you are protected if rates rise in the future.
Ready to take the next step?
A calculator is just the start. Let's get you a formal pre-approval so you can bid with certainty.
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