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  1. Peter_Tersteeg

    Calculating changes to your borrowing power

    It might improve your credit score a little. The premiums might also reduce your disposable income (although it is voluntary). Overall the effect is insignificant.
  2. Peter_Tersteeg

    Calculating changes to your borrowing power

    Statement/letter less than 60 days old from a recognised brokerage (e.g. CommSec) detailing the current level balance/holdings of the investment with the value of the investment to be confirmed utilising the current ?sell? rate.
  3. Peter_Tersteeg

    Calculating changes to your borrowing power

    Most brokers don't have substantial investment property holdings. They wouldn't go to a specialist either because they think they're doing a great job. They don't know what they don't know. I've been to plenty of professional events where I was speaking a different language to the rest of...
  4. Peter_Tersteeg

    Calculating changes to your borrowing power

    It can vary from one lender to another. The common theme tends to be that it's acceptable if it's an ongoing and normal part of the job. How this is assessed is where the difference between lenders occurs. Some will want to look at past PAYG summaries to see a consistent long term history...
  5. Peter_Tersteeg

    Calculating changes to your borrowing power

    Lenders want to see that things like parenting payments will continue consistently for at least 5 years. Given that they often cease when kids turn 16 or 18, lenders have cut offs for accepting parenting payments at 11 or 13. The best serviceability scenario is to be a couple with an income...
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