Borrowing Power Calculator

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From First Home to Dream House: Know Your Borrowing Capabilities

It is essential to know your borrowing capacity before making crucial financial decisions in life. If you are planning to buy your first home, upgrade yourselves to your dream house, or just expand your investment portfolio, our borrowing power calculator is here to give you the essential information and clarity.

What is My Borrowing Capacity?

This is the amount a lender may offer you based on your income, credit history, expenses and present financial commitments. This plays an important role in knowing the size of your loan and ensuring your financial goals are met. Our calculator helps answer your question, what is my borrowing capacity by offering a personalised estimate per your unique needs.

Why Use Our Calculator?

We are focused on simplifying the lending procedure for those in Dapto, Wollongong, Figtree, Albion Park and Shellharbour. You can get a clear estimate in few steps, understand how your financial profile affects your borrowing power and make decisions about property purchases and future investments.

What Influences Your Borrowing Capacity?

When you are calculating, lenders consider these points,
Income Stability

A steady flow of money considerably increases borrowing power. The higher your income, the better your borrowing power.

Credit History

A good credit score indicates reliability and can help you get better loan offers. If you have a good credit history, you can be relaxed that your chances of getting a better loan and amount are high.

Living Expenses

When you manage your daily spending effectively, it also affects your borrowing capacity.

Debt-to-Income Ratio

The borrowing capacity changes if the loan is less than what you get. Your borrowing capacity eventually rises if it is very low compared to your income.

How does the Calculator Work?

This uses your financial information to estimate the maximum loan amount you can get. You need to input the following details,
Income

This includes salary, rental income, or any other regular earnings.

Debts

Share your information about any credit card backlog, personal and car loans.

Expenses

Provide a rough overview of your monthly living costs, such as bills, groceries and leisure.

Loan Terms and Interest Rate

These details help to refine and give a clear estimate based on the present market conditions.

It’s Time for the First Leap!

Discover your borrowing capacity with Real Lending Solutions’ easy-to-use calculator. If you live in Dapto, Shellharbour, Figtree, Wollongong, or Albion Park, we are here to assist you in finding the right financial solution. Use our borrowing capacity calculator today!

FAQs

A calculator provides a reliable estimate; the actual amount a lender offers may change accordingly. It is better to consult us – a professional advisor for real lending solutions.
No! Using our calculator is risk-free and does not affect your credit score in any way. It is just the first step to determining your borrowing capacity.
To increase your borrowing power, focus on reducing current loans, maintaining a good credit score, increasing your income, and managing your expenses effectively.
Yes! Your existing debts have nothing to do with using the calculator. Ensure you input all the relevant financial information and commitments for accurate results.