calculators
Borrowing Power Calculator
Find out how much you could borrow for a home based on your financial situation.
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Use CalculatorFrequently Asked Questions (FAQs):
Borrowing power explained
What factors affect my borrowing power?
Lenders assess your borrowing power based on your income, existing debts, living expenses, number of dependants, and the interest rate used for assessment. Employment type also plays a role, with full-time PAYG employees generally assessed more favourably than self-employed applicants.
How much money can I borrow?
Your borrow capacity is all going to come down to a thorough analysis of your financial situation. The best way to know your borrowing capacity is to get in contact with us to have a no obligation discussion about your current financial situation and goals.
What can I do if my borrowing power is lower than expected?
There are several strategies that can help: reducing existing debts, closing unused credit cards, increasing your deposit, or choosing a longer loan term. A GCW broker can assess your situation and identify the most effective path forward, including putting you in touch with a financial planner to discuss alternative investments.
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