How much can I borrow
Finding out how much you can borrow is not as easy as plugging in your salary on a mortgage calculator online. For an accurate indication of your borrowing power, a number of factors have to be considered including:

  • Your income
  • Your expenses
  • Your assets
  • Your debts
  • Your credit rating
  • Your employment status
  • The length of time you have been employed in your particular industry
  • Whether or not you are self-employed
  • Whether or not you have savings
  • Whether you are borrowing money on your own, or together with another person

At Educated Finance we have been providing pre-approvals and estimates on how much people can borrow for many years. We know what questions to ask, and we have the best home loan calculators on the market at our disposal.

In addition to this, we have gotten to know the many different lenders we work with personally. All lenders have different criteria, so we can assess your circumstances and help you choose a lender with a product that suits you from the start. What’s more – if for some reason you don’t fit the standard criteria for a particular lender, we have the ability to contact lenders personally to explain away some of those minor factors that might cause your finance application to be declined if it is not in the hands of an experienced broker with a huge array of industry contacts.

Don’t get caught in the trap of relying on a calculator on a website to see how much you can borrow. Get in touch with one of our finance brokers who will give you an accurate indication of how much you can borrow based on your individual circumstances – and best of all – we will do it for free!