Home Loan Borrow

The question most often asked when buyers start shopping for a new home is “How much can I borrow for a home loan?”
How do lenders decide how much you can borrow for your home loan? They base their decision on their estimate of your ability to repay what you borrow for the home loan by considering the following factors:

  • Income
  • Savings history
  • Loan-to-value ratio
  • Credit rating/history
  • Length of employment
  • Amount of deposit or equity
  • Debt-to-income ratios
  • Lifestyle and spending habits
  • Age and other personal factors

Home loan lending guidelines vary among lenders. We often see differences of over $200,000 between what lenders will allow for you to borrow on a home loan, which can make a huge difference in the quality of home you can purchase. This is why we suggest speaking with a mortgage broker rather than a lender.

To find out how much you can borrow for a home loan, just tell us which features you require for your home loan and we will compare over 800 home loan products to find the maximum amount you can borrow.

Request your FREE Borrowing Capacity Report and one of our consultants will contact you to discuss your options.