Lesson 1 of 7
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LESSON 1
What Is My Borrowing Capacity?
Before you start browsing listings, you need to know exactly how much the bank is willing to lend you. This is the foundation of your property journey.
Key Takeaway
The 3 Pillars of Capacity
01. Income
Stability and amount of gross annual earnings.
02. Expenses
Your monthly lifestyle costs and existing debt.
03. Liabilities
Credit card limits, HECS debt, and personal loans.
Quick Reflection
Do you know your approximate borrowing power currently?