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2008

Winter

Start Small, Think Big


Autumn

Cracking the market: tips for first home buyers


2007

March

Smart Savers


2006

March - April

Non conforming home loans


January - February

Reducing your tax AND your interest rate


2005

November - December

Residential Vs Commercial Properties


September - October 2005

A Loan Type To Match Your Personality

 

July - August 2005

Getting a home loan without a deposit

 

January - February 2005

RBA Warns of Rate Rise

 

2004

November - December

Loan Minimisation Techniques

 

September - October 2004

Loan Minimisation and the role of Offset accounts

 

July - August 2004

Negative Gearing

 

May - June 2004

Positive Gearing



 

 

 

 

 

 

 

 

 

5 Ways to Improve your Borrowing Capacity

Consolidate unsecured debts (like credit card or personal loan debt) into your mortgage (as long as you have sufficient equity). By doing this, you will improve your monthly outgoings quite dramatically and therefore improve your borrowing capacity.
Reduce your unwanted credit card limits.  Most people have limits way beyond what they use and reducing these and cancelling unwanted credit cards can really make a difference to borrowing capacity.
Use the right lender and loan.  This is where a mortgage broker is very handy.  All lenders have different lending criteria and serviceability calculators and a mortgage broker has knowledge of which lender and even which loan can improve your borrowing capacity.The difference between lenders and loans can make or break a deal in many instances.
Shop around to get better rates on your existing loans. Your mortgage broker knows what is possible with most lenders and can apply for special pricing for you in a lot of instances.  If your monthly repayments on existing debt are lower, your borrowing capacity will be higher with a lot of lenders.
Keep your financials up to date. By getting your tax returns done on time (if you are self-employed), then you will have a better opportunity to borrow when you are ready to buy. If you are PAYG, then have your latest Payment Summary as well as the latest 2 payslips ready as this more accurately shows your annual income.


If you would like more information or have any questions about all this, please don't hesitate to contact me via the box below.                                                                                                                       

 



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