Dependant

[evisional]

Can someone tell me how much dependants impacts on the borrowed amount? Particularly, is there any impact on application for an loan while pregnant?

 

[Jess Peletier]

The application would be done with one dependant, assuming you told your broker the truth, so yes, it would impact the loan application for sure - babies are expensive. But worth it, most days

The actual amount varies from lender to lender, but they generally add $3-5k+ on per kid to your annual expenses.

 

[Redom]

Can someone tell me how much dependants impacts on the borrowed amount? Particularly, is there any impact on application for an loan while pregnant?

See this thread.
http://somersoft.com/forums/showthread.php?t=104806

40-50k on your borrowing power for the next purchase.

 

[Jamie M]

Can someone tell me how much dependants impacts on the borrowed amount? Particularly, is there any impact on application for an loan while pregnant?

Lenders usually assign a $350 liability per month for each dependent.

It's not so much the dependents that put a dampener on borrowing capacity - it's the loss of an income for a period of time that can cause dramas for your borrowing capacity. Having said that - it's also important to not stretch yourself during this period too - it can be stressful enough!

Cheers

Jamie