How much can I afford to borrow?


Seems like a simple question, right?! This is a question that clients ask us daily, and it can be a difficult question to answer on the spot as there are so many variables.

Start by looking at your income and savings:

· How much do you earn per year?

· How much overtime or bonuses do you receive?

· Do you work full time, part time, casual, or even work two jobs?

· Are you on probation?

· Do you receive government benefits?

· Do you have genuine savings? If not, do you currently rent via a licensed real estate agent?

· What is your credit history like?

· Do you have good banking history?

Keep an eye out for Part 2: Expenses and Property!