Entering the property market seems to be a lot more complicated than it really is. Only two factors determine how much you need to buy a property.
As our CEO and co-founder, Ali, explained in the video, serviceability and deposit are the double-edged sword to working out how much you need to buy a property.
Your serviceability is the quantity that lenders will let you borrow to buy a property. It is the best place to start when wanting to purchase property to determine how much you can afford.
While your deposit is the amount that you can contribute to purchasing the property on your own. The more you put in, the higher the percentage of the property you already own.
These two components dictate how much you can spend and how much you can borrow.
But how do you work out your serviceability and deposit? And how can you maximise it?
Well, the good news is our partners at The Lenders Club can assist you in working it out and maximising your borrowing capacity using our various proven methods.
Our Mortgage Brokers at The Lenders Club can help decrease your credit card limits, increase your overtime, or improve your rental income by getting high-yield cash-flow properties.
If you want to ensure you have enough to start investing, contact us and we’ll point you towards The Lenders Club. One of our Mortgage Brokers can help you understand and improve your serviceability and deposit potential.
BOOK A MEETING with us today or call us on 1300 505 605 to find out more.
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