Your borrowing power is the maximum a lender is willing to lend you. It varies between lenders because each uses its own calculator and policies.

What affects borrowing power

• Your income and how stable it is
• Number of dependants
• Living expenses
• Existing debts and credit limits
• The interest rate buffer lenders apply

How to improve it

Pay down or close debts, reduce credit card limits and review your regular spending. Because policies differ, the right lender can make a meaningful difference to how much you can borrow.

This article is general information only and does not take into account your objectives, financial situation or needs. Speak with a Pinnacle Mortgage broker for advice tailored to you.