By entering your income and expenses into the borrowing power calculator below, it will generate an approximate maximum loan amount that you could apply for. This is referred to as your borrowing capacity. Keep in mind that this is an estimation only and not personal advice, is always best to speak to your broker who can provide information on lender policy and assess not only what you could borrow but what you should borrow. We help find the right loan for you that will assist in building a great financial future to reach your goals. To book a free consult to review your finances with one of our expert brokers, click here.
Disclaimer:The information provided by this calculator is indicative only and does not constitute professional advice. The calculator provides you with an estimate of how much a lender may be willing to lend to you based on the information you have entered. This is a handy first step before speaking with your mortgage broker. The calculations should not be relied upon for the purposes of entering into any financial commitment.