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  1. Jess Peletier

    What is my Borrowing Capacity ?

    Are you eligible for fhbg? Based on what you've said, a $400k purchase with a $40k deposit even if not FHB should be fine- assuming credit file is all good. If you are a FHB, the stamp duty savings and grant will allow for a smaller deposit.
  2. Jess Peletier

    What is my Borrowing Capacity ?

    Depends on the bank. Are you looking to buy a home or IP? If IP, you can use the rent from the new purchase to help too. What you can borrow is very much determined by your deposit to - the calculation might say you can borrow $1 million dollars but in reality you can't if you've only got a...
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