Reach Us
- clinton@reallendingsolutions.com.au
-
PO Box 445
Dapto NSW 2530 - 0414 666 015
- 0482 076 071
- Mon - Sun : 8AM - 8PM
- ABN: 12 646 353 559
From First Home to Dream House: Know Your Borrowing Capabilities
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?
What Influences Your Borrowing Capacity?
A steady flow of money considerably increases borrowing power. The higher your income, the better your borrowing power.
Credit HistoryA 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 ExpensesWhen you manage your daily spending effectively, it also affects your borrowing capacity.
Debt-to-Income RatioThe 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 includes salary, rental income, or any other regular earnings.
DebtsShare your information about any credit card backlog, personal and car loans.
ExpensesProvide a rough overview of your monthly living costs, such as bills, groceries and leisure.
Loan Terms and Interest RateThese details help to refine and give a clear estimate based on the present market conditions.