Episode 1: How Much Can I Borrow?
Failed to add items
Sorry, we are unable to add the item because your shopping basket is already at capacity.
Add to cart failed.
Please try again later
Add to wishlist failed.
Please try again later
Remove from wishlist failed.
Please try again later
Follow podcast failed
Unfollow podcast failed
Episode 1: How Much Can I Borrow?
-
Narrated by:
-
Written by:
How much can I borrow? It's the first question nearly every buyer asks — and the honest answer is "it depends."
In this episode, Shaun Bettman explains how lenders actually work it out:
- The servicing calculator behind every loan — different at every lender
- The inputs that move your number: income, dependents, HECS debt and credit card limits
- Why living expenses are the single most sensitive factor
- The assessment-rate buffer: lenders stress-test you at the current rate plus 3% — and why one or two lenders using a 2% buffer can let you borrow significantly more
- How your loan-to-value ratio (60%, 70%, 90%, with or without LMI) changes the answer
The takeaway: there's no single answer to "how much can I borrow" — it depends on the scenario, and a good broker can show you which inputs to change to borrow more.
Have a home loan question? Book a free assessment with Eden Emerald Mortgages or visit edenemeraldmortgages.com.au.
adbl_web_anon_alc_button_suppression_c
No reviews yet