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What affects your borrowing power?

Before lenders let you borrow a certain amount of money, they assess your borrowing capacity to be sure you can make the loan repayments. Here are a few things they’ll look into:

  • Your income
  • Your debts and financial commitments
  • Your living expenses
  • Your credit history
  • Your assets
  • Your deposit contribution
  • Your home loan type, term and interest rate
  • Your property value
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How to improve your borrowing power

Here are 10 expert-suggested ways to borrow more for your property purchase:

  • Close your credit cards or reduce their limits
  • Close unsecured debts
  • Reduce your living expenses
  • Apply for a longer term on your home loan
  • Consider a fixed-rate home loan
  • Change repayments to interest only
  • Apply with a lender that has a favourable lending policy for your income/employment type
  • Consolidate unsecured debts
  • Rent out your property instead of living in it
  • Check your credit report

You can discuss your possibilities with a mortgage specialist.

50+ lenders for you to choose from

Our brokers will compare thousands of home loans to find you the best fit.

Don’t believe us, hear from our customers

Home Loan Experts reviewer
BAE, Sydney testimonial-review-star

The team helped me to get through a tough home loan application. I was trying to borrow to my absolute maximum borrowing power, and my financial situation wasn’t too good. The banks were being really difficult. In the end, they did it! Couldn’t have done it without them. Highly recommended!

Home Loan Experts reviewer
Yvette, Greater Melbourne testimonial-review-star

They helped me achieve my dream of purchasing a large apartment in my favourite suburb. Their knowledge and insight brought me to use a different lender than the big banks. Which gave me more borrowing power, so I was able to purchase a very nice apartment. Their communication throughout the process was impeccable. What a team!

Home Loan Experts reviewer
Bon, Sydney testimonial-review-star

It’s 2023, and the interest rate has soared to new levels in Australia, and our borrowing capacity has been reduced significantly. Whilst no other lender could have done it, Home Loan Experts made our investment property a reality. Now we are on track to our retirement and financial independence goals.


4.8 out of 1600+ reviews


4.6 out of 420+ reviews


4.7 out of 720+ reviews

We love winning awards

ABA office of the year 2019
AMA australian brokerage of the year
AMA brokerage of the year
ABA Customer service award 2016
BBA Customer service award 2016