Factors That Affect Borrowing Power
Income
Lenders assess your income to determine how much you can afford to repay.
Expenses
Your living expenses and financial commitments are considered.
Deposit Size
A larger deposit may increase your borrowing capacity and reduce lender risk.
Credit History
Your credit history helps lenders assess your reliability as a borrower.
Why Borrowing Power Matters
Understanding your borrowing capacity helps you set a realistic property budget and plan your purchase confidently.
