Ep 11. Tips to increase your borrowing capacity

Thinking about buying a home, investing or applying for finance, but wondering how much you might actually be able to borrow? Your borrowing capacity isn't necessarily a fixed number. There are a range of factors lenders consider when assessing an application, and understanding your financial position before you apply can help you prepare. In this episode of the Your Finance Lounge Podcast, I share some practical tips to help you understand your borrowing capacity and some of the areas worth looking at before taking that next step. The aim isn't simply to borrow the maximum amount possible. It's about understanding your options and putting yourself in a stronger position to make a decision that's appropriate for you. 🏡 Planning your next property or finance move? Your Finance Broker has a range of free guides and resources covering home buying, investing, refinancing and other finance topics. Explore Your Finance Broker If you'd like more personalised guidance around your borrowing capacity or finance options, you can also reach out to our team to discuss your individual circumstances. 🌿 Continue learning with Your Finance Lounge For practical finance education, podcasts, courses, tools and resources: Your Finance Lounge Learn. Understand. Build confidence. And work out what's next. Hosted by Teressa Fisk | Finance Broker & Educator The information discussed in this podcast is general in nature and does not take into account your individual circumstances. Borrowing capacity and lending criteria vary between lenders and can change over time. Please seek appropriate advice for your circumstances.