Borrowing power is the amount a lender is likely to let you borrow based on your income, debts, living expenses, and other financial commitments. It plays a key role in determining the kind of property you can afford to buy, and how much deposit you’ll need.
Lenders look at several factors when assessing your ability to repay a home loan, including:
This tool gives you a quick estimate to help you:
Online calculators are a great starting point, but they don’t factor in all lender policies or your full financial profile. At Shore Financial, we work with over 70 lenders and can offer a tailored assessment of your borrowing power—often unlocking more options than you’d find on your own.
Contact our team today for a personalised assessment and expert guidance.
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We appreciate your message and a Shore Financial broker will respond to you within a few short days. In the meantime, here’s a few links to keep you occupied.
