We understand home ownership can be a scary thing to navigate - It may even be the biggest decision you’ll make.
Think of us as your mortgage ‘coach.’ Just like every great team benefits from expert guidance, we’re here to help you eliminate the guesswork, tackle the complexities, and provide clear, actionable answers to all your questions.
Unsure if you’re ready to buy your first home? Find out how much you can borrow below.
The amount you can borrow depends on several factors, including your income, expenses, existing debts, and the type of loan you're seeking. Here's how it typically works:
Income and Employment: Lenders will look at your gross income, job stability, and employment history to determine your borrowing capacity.
Expenses and Debts: Your regular expenses and any existing debts (like credit cards, car loans, etc.) will be considered to understand your financial commitments.
Credit Score: A good credit score can increase your borrowing power, as it shows lenders that you're a reliable borrower.
Loan Type and Terms: The type of loan and its terms (fixed or variable rate, loan term, etc.) will also impact how much you can borrow.
Deposit and Equity: The amount of deposit you have saved or the equity in your current property can affect the loan amount.
If you just like quick numbers, use our borrowing power calculator or chat with one of our friendly Fortify Loans brokers who can provide personalised guidance based on your unique situation.