HOW MUCH WILL THE BANK LEND YOU?
Most Australians are comfortable with borrowing money to buy a property. We believe its important to use a specialist mortgage broker who understands investment property and what your future growth plans are. A specialist investment lender should work hand in hand with your advisors to ensure –
Lenders will look at many criteria when assessing you for a loan. The most critical things for property investors are :
Debt Service Ratio (DSR)
Home Loan to Value Ratio (LVR)
Australian banks are amongst the most prudent in the world when it comes to lending standards so you can be sure that if they say yes, you can comfortably afford your loan. Sometimes that loan amount may be less than you were hoping for as different banks have different criteria for assessing you against a loan. Its another reason to use a specialist mortgage broker who can ‘shop around’ and find the best deal for you.