Understanding your borrowing capacity is one of the best places to start when planning to buy a home.
The amount you can borrow will depend on a range of factors, including your income, existing debts, living expenses, deposit and the lender’s individual assessment criteria. Interest rates and lending policies can also influence how much a bank may be willing to lend.
While online calculators can provide a useful estimate, they don’t always tell the full story. A mortgage broker can take a closer look at your financial position, compare options across different lenders and help you understand what may be achievable.
At Chen Knows Finance, we keep the process straightforward. We’ll help you understand your numbers, explore suitable home loan options and approach your property search with greater clarity and confidence.