This should be the first and very important question that we have to ask ourselves and mortgage broker, how much can I borrow? After the calculation is come in the fund and going out fund, we can get a clear picture and know how much you can borrow to purchase a property. While determining how much you can borrow banks and lenders mainly look at:

• Credit card limits, Car loans, personal loans
• Income and types of income e.g. full-time, part-time casual, contract,
• The size of the loan compared to the property value ( LVR )
• Number of dependents and their age
• General living expenses, and
• Existing asset position (Client contribution towards the loan)

To increase borrowing power

• Pay off ( or decrease ) and close any credit card & other current liabilities if possible
• Start saving by decreasing miscellaneous expenses
• Try to find the bank which does not calculate existing mortgage with same assessment interest in proposed loan.

Call us today, if you would like to discuss in details…

 0433 589 626
 www.LaxmiHomeLoans.com.au

• First Home
• Investment Property
• Refinance
• Land & Construction
• Off the plan
• Personal loan & Debt consolidation.
  
  

Would you like to check your borrowing? Inbox us ( CLICK HERE  )   or Fill up the form below.