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How Much Can I Borrow

Review your loan options

We’re also a multi award winning loan broker providing specialist loan advice.

Let us help you to decide what loan is best for you

Our loan specialist team provide personalised advice for both new home buyers and seasoned investors. We can assist with a great home loan rate and help with all your financial needs, all under the one roof.

A Hassle-Free Process

Talk to a broker

Our fully qualified brokers will assess your situation to understand your exact needs.

Find the right loan

We will analyse hundreds of home loans from over 40 different lenders. avoiding unnecessary fees.

Get approval

We handle every detail from start to finish and manage all the paperwork to make the process hassle-free.

  • Want to know how much you can borrow?

    Our quick and easy borrowing calculator will give you an instant answer.
  • The loan

  • You could borrow

  • % of monthly income before tax

The information provided by this borrowing power calculator should be treated as a guide only, and not be relied on as true indication of your home loan repayments, or a quote or indication of pre-qualification for any home loan product. Nicheliving’s power calculator calculates the potential amount you may be able to borrow for a home loan based on a number of factors about the borrower’s personal financial situation and a number of assumptions. Please see our calculator assumptions for full details. Applications for finance are subject credit approval. Full terms and conditions will be included in any loan offer. Fees and charges are payable.

Homeloan FAQs

Is my credit history important? Will it have an impact when buying my first home?

Yes, it can be important. It effects your home loan application and how much you can borrow.

When assessing your position, the banks will give you a credit scoring based on your previous dealings. They’ll look at things like; your repayment history, credit cards, personal loans and any zip pay debt.

They’ll also see if you’ve been checking your credit file. If you’re looking around to find the best loan this can affect your application. It’s best to let a broker do the shopping around so once you secure the best deal your credit score is also intact.

How much deposit do I need?

It varies. Some lenders may only need 5% of the property’s value, others up to 20%. However, a 5% loan could mean paying more on insurance as you’re a greater risk to the lender.

Saving up as much as you can is the best way to tackle this. You’re likely to get a better interest rate and pay less lenders mortgage insurance.

How much can I borrow?

Your borrowing capacity comes down to your credit score and how much you’re willing to pay back each week.

You and your broker will assess how much you can borrow based on your lifestyle. Together you’ll find the right amount that won’t affect your everyday expenses.

Want a rough idea right away? Our home loan calculator can help you out!

Any extra fees I need to know about?

At the loan contract stage your broker will lay out any extra costs you need to be aware of.

There may be fees both your lender and the government require you to pay. This is the time to go over your contract with the professionals to ensure you know everything that’s involved.

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