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  1. tobe

    Calculating changes to your borrowing power

    Or just do your numbers based on borrowing the full purchase price plus costs (whether you actually tip in a deposit or not).
  2. tobe

    Calculating changes to your borrowing power

    You would be better off borrowing the full amount and having less than $70 per week positive cashflow as most calculators can add back negative gearing. IMO tipping cash into a purchase to make it positive is a false economy, it doesnt account for the return on deposit, or the opportunity...
  3. tobe

    Calculating changes to your borrowing power

    nope, kids are kids. Interestingly blended families get a bad run. I havent found a lender who will account for shared parenting, and most lenders refuse to assess FTB, child support etc after the kids turn 13.
  4. tobe

    Calculating changes to your borrowing power

    To be pedantic, every lender these days has an Average living expense, as opposed to historically when most used the henderson poverty index (which was more like a minimum). Its made a diference to capacity for a lot of borrowers, but with the drop in interest rates and assessment rates it...
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