Your Borrowing Power
All about……. My Borrowing Power
What if you go to the ‘wrong’ lender?
Q: If the house you fall in love with is for sale at $360,000 and all you have is a $40,000 deposit, who will lend you $320,000?
A: Only one lender, (G), of all those listed below, will consider your application.
It is most unlikely that you would have approached this lender.
Lenders* & Maximum borrowing capacity:
- $ 255,000
- $ 261,000 ++
- $ 299,000 ++
- $ 301,000 ++
- $ 286,000
- $ 267,000
- $ 321,000
- $ 278,000 ++
- $ 307,000
- $ 318,000
++ Refers to lenders found in the main street of most towns.
These are the amounts a selection of 10 lenders would lend to a couple with a gross salary of $45,000 and $15,000 and two teenage children.
We have access to more than 500 loan products from a broad range of reputable lending institutions.
Don’t miss out on the chance to buy your dream home because you went to the ‘wrong’ bank.
Our service is absolutely free of any consultancy or brokerage fee. The lenders pay a commission in recognition of introducing you to them as a qualified new borrower client.
All it takes is a five minute phone call to find out your full borrowing power. Or you can simply fill out and email us the obligation free enquiry.
Another typical scenario:
What if you go to the “Wrong” Lender to Purchase a home for $600,000?
Q: What if the house you fall in love with is for sale at $600,000 and you have a $150,000 deposit from the sale of your previous home.Who will lend you $480,000?A: Only one lender (G), of all those listed below, will consider your application.It is most unlikely that you would have approached this lender.
The Lenders marked ** can be found in the main street of Ballina.
Maximum borrowing capacity:
Lenders:
- A. $455,000
- B. $460,000 **
- C. $432,000
- D. $410,000 **
- E. $475,000
- F. $419,000 **
- G. $488,000
- H. $431,000 **
- I. $460,000
- J. $416,000 **
(These are the amounts a selection of 10 lenders would lend to a couple, with a salary of $55,000 and $25,000, two teenage children and two cars.)
We have access to over 30 lenders and 500 loan products.
Don’t miss the chance to buy your dream home because you went to the “wrong” bank. The service is absolutely free of any consultancy fee (ask how this works when you phone). We will help you to find the best loan to suit your needs, and to buy that $600,000 dream home.
