03/06/2026
Those online calculators are not exactly famous for being accurate. So how much can you really borrow?
It used to be that banks would let you borrow around ten times your annual income. These days it's closer to 6 or 7.⠀
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(It depends on your existing debts, of course).⠀
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Each lender has their own policies on how they judge different sources of income. Some won't factor in your overtime, for instance. Others won't include the earnings from your freelance work.
This can be the difference between being able to borrow enough for your dream home, or not.⠀
Or the difference between getting approved for Loan A, versus getting knocked back from Loans A, B and C.
Don't go it alone - get in touch to talk about the best approach to your unique situation.
📲 0438 866 093
💻 resifinhomeloans.com.au