Borrowing Capacity

What does borrowing capacity refer to?

• Income sources

• Investment potential

• Savings amount

• Lending power

What factors can impact your borrowing capacity?

• Credit history and loan terms

• Savings amount and income sources

• Investment potential and interest rates

• Debt to income ratio and deposit

How does a strong credit history affect borrowing capacity?

• It increases borrowing capacity

• It limits borrowing capacity

• It has no impact on borrowing capacity

• It decreases borrowing capacity

What is a key factor in determining borrowing capacity?

• Income sources

• Interest rates

• Loan terms

• Deposit

What should you do if you have a low deposit and want to access some Equity?

• Apply for multiple loans

• Ignore the situation

• Increase your debt to income ratio

• Contact a trusted broker

What is the impact of a low debt to income ratio on borrowing capacity?

• It decreases borrowing capacity

• It has no impact on borrowing capacity

• It increases borrowing capacity

• It limits borrowing capacity

What is the first step to find a suitable borrowing option based on your situation?

• Ignore the situation

• Apply for a loan online

• Contact a trusted broker

• Increase your credit history

What can help you get more borrowing capacity?

• Unusual income sources

• Healthy deposit

• High debt to income ratio

• Low credit history

What is the impact of interest rates on borrowing capacity?

• It limits borrowing capacity

• It increases borrowing capacity

• It has no impact on borrowing capacity

• It decreases borrowing capacity

What can impact your borrowing capacity if you want to refinance your home?

• Low deposit and unusual income sources

• High credit history and low debt to income ratio

• Healthy deposit and strong credit history

• Contacting a trusted broker