Anyone knows what's "TAE gearing"

[Gentle_Chief]

To the Finance Gurus on this Forum:

What is TAE Gearing?

We recently got knocked back on a Loan application. The Comments were:

"As TAE gearing is well above what we are comfortable with especialllly given escalating debt level. We are not prepared to consider further increase in TAE at this time"

I tried Googling it but to no avail....

 

[alexlee]

My guess would be Total Aggregate Exposure?

 

[Propertunity]

I agree with alexlee.

Either way, whether or not the definition is right or wrong, that particular lender you have, is not comfortable with their level of exposure to YOU and your many borrowings........next they'll be telling you, that you are too "rent reliant".

Time to get exposure to another lender. Perhaps with the help of a good MB?

 

[Perth Investor]

Sounds like a Westpac app to me. Tae is total exposure.