Episode 1: How Much Can I Borrow?

How much can I borrow? It's the first question nearly every buyer asks — and the honest answer is "it depends."In this episode, Shaun Bettman explains how lenders actually work it out:The servicing calculator behind every loan — different at every lenderThe inputs that move your number: income, dependents, HECS debt and credit card limitsWhy living expenses are the single most sensitive factorThe assessment-rate buffer: lenders stress-test you at the current rate plus 3% — and why one or two lenders using a 2% buffer can let you borrow significantly moreHow your loan-to-value ratio (60%, 70%, 90%, with or without LMI) changes the answerThe takeaway: there's no single answer to "how much can I borrow" — it depends on the scenario, and a good broker can show you which inputs to change to borrow more.Have a home loan question? Book a free assessment with Eden Emerald Mortgages or visit edenemeraldmortgages.com.au.