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How To Maximise Borrowing Power

BORROWING POWER 📣



Here's the scenario... average family household, married couple, 2 kids



Both working...



Dad full-time - receives $120,000 + $20,000 bonuses


Mum part-time (3 days) - receives $58,000 + $10,000 in Over-time



Now they've got some typical liabilities...



Credit card limit - $15,000 💳


x2 Car loans - $15,000 left on both - repayments total - $800 per month


HECS debt - $9,000



The left hand column shows us the MAX BORROWING POWER with the liabilities included 💵



The right hand column shows us the MAX BORROWING POWER with those liabilities closed! ❌



As you can see, significantly higher borrowing power on with those liabilities closed... This is one reason why having a broker in your corner before you apply for home loans is important, because we can test and adjust things before going to a lender.



Book a 30 minute discovery call - linktr.ee/rossthemortgagebroker

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