Search found 3 matches

by
Tue Jul 09, 2019 4:13 pm
Forum: Home Loan Forum
Topic: How much is my new borrowing power with the new changes?
Replies: 5
Views: 11714

Re: How much is my new borrowing power with the new changes?

Cool. That’s some great info. Not sure what factors are considered to determine what interest rates I can qualify for? As this is my first rodeo, how do I ensure I get the best rate on the market?
by
Mon Jul 08, 2019 9:58 pm
Forum: Home Loan Forum
Topic: How much is my new borrowing power with the new changes?
Replies: 5
Views: 11714

Re: How much is my new borrowing power with the new changes?

That’s good. Now, I’ve checked my credit score online and as far as I can tell, my credit score is good.
Not sure which credit report lenders use when looking at my home loan application?
by
Mon Jul 08, 2019 7:27 pm
Forum: Home Loan Forum
Topic: How much is my new borrowing power with the new changes?
Replies: 5
Views: 11714

How much is my new borrowing power with the new changes?

Hi, I read about the upcoming changes to borrowing power and I’m trying to work out my new borrowing power. My gross annual income is $65,000 plus super with no dependents. I have a couple of $2,000 limit credit cards with minimal balance and no dependents. If I’m not mistaken the borrowing power calculator on your site is using the old system, right?