114 Responses
If i rent out that home rental income enough for pay capital interest. If i want to buy another property, is it for borrowing power calculation is it total income alone Used or bank use only % of my current income?
If the property has tenants and regular income the lender will probably take it into consideration when looking at borrowing power, but it’s worth checking with a lender before applying with them. Some lenders may only take 80% of your rental income as part of your borrowing power.
If you are looking for low deposit home loan providers, look at the “Max LVR” portion of the comparison table we are on. The higher the Max LVR, the lower your deposit would be. Continue reading “I have a home loan for my current property around 300k”