Better Home and Gardens: 7 ways to boost your borrowing capacity.

7 ways to boost your borrowing capacity and land your dream home

https://www.bhg.com.au/how-to-increase-your-borrowing-capacity-and-land-your-dream-home

 

There’s no point looking at dream homes if you don’t know what your budget is … or is there?

“One of the most important factors buyers need to consider is how much they can borrow,” explains Andrew Crossley, property investment strategist and founder of Australian Property Advisory Group. “If the borrower is unaware of what is achievable for them, the best intended goals, hopes and dreams can be undone.”

So how do you find your sweet budget spot? And just as importantly, how do you max your borrowing capacity?

Andrew says there’s 7 simple steps. “Implement these and you will improve not only your chances of obtaining finance, but increase the amount you can borrow, too.”

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