5.39% p.a. for owner occupied P&| 2 fixed term at ≤70% LVR (comparison of 6.02%)*

First question you should ask is; what is my borrowing capacity ? [ Laxmi Home Loans ]

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.

Let's get you your dream house

We would love to hear about your goals and help you achieve them. Book a free consultation session or call us.

Kishor Acharya, Principal Broker

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