When you're planning to buy a home in Australia, one of the most important questions is: How much can I borrow? Your borrowing power determines the size of the loan you can secure, impacting the type of property you can afford. A borrowing power calculator is a valuable tool that helps estimate this amount based on factors like your income, expenses, debts, and financial commitments.
Use the calculator below to get a rough idea of how much you can borrow, but for a more accurate estimate, speak to an expert mortgage broker. They can work out how much you can borrow based on the lowest interest rates for your situation, and guide you through the entire home loan process free of charge (they are paid commission by the lender).
To get started with your home loan application with LMI Waiver, fill out the contact form below and an expert mortgage broker will call you to discuss how they can assist you.