Borrowing capacity
Explore the options
The amount you can borrow depends on the purchase price or market
value of the property and associated costs, what you're earning
and your ongoing financial commitments. As a rule of thumb,
you can borrow up to 95% of the value of the property being
offered as security. Exceptions will be some loan types and
the loan size. Some lenders also offer 100%
loans. (Note that Lenders
Mortgage Insurance applies)
In determining your borrowing capacity, the assessment
and the amount of the advance will vary between lenders. My
calculator
will provide you with a guide. Or you can contact me for a
free no-obligation consultation to fully assess your borrowing
opportunities.
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