How to improve your borrowing capacity

If you have found your borrowing capacity to be lower than you expected and the repayments lower than you are comfortable with, there are other areas we can explore.

Non-bank lenders apply assessment metrics which can be more liberal than what is used by the major / non-major banks. Such examples are as follows although there are many more;

– Existing loans at other banks are not stress tested as onerously.

– Non-base income can be taken at 100% of its value instead of being discounted.

– Income for self employed applicants can be verified using the most recent 6 months of income as opposed to the last 2 years.

If you would like to try and increase your borrowing capacity, please reach out. Tom.


Written by Tom Morison

I have a genuine desire to create a strong reassuring sense of trust, confidence and satisfaction for my clients. It’s important that I provide you with the knowledge I have so you can make the best decisions for yourself with my guidance.
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