You can increase your borrowing power by reducing your financial commitments.
Things like closing unused credit cards or reducing the limits or having extra income (like a second job or side hustle) can help. Also, make sure that you have all your extra income types (like overtime or commission) included when filling out an application.
Using a borrowing calculator can also help give an estimation of what you could borrow.
Important information about our rates
*Our home loan rates are based on loan-to-value ratio (LVR) pricing and loans are subject to credit criteria and eligibility requirements. Rates apply to new customers only and are subject to change without notice.
Comparison rates are based on a loan amount of $150,000 over a 25-year term. They factor in fees associated with applying for the loan, ongoing fees and fees associated with leaving the loan. Our fixed loans roll to a variable principal and interest rate at the end of the specified fixed term. If the interest only period is not specified, the comparison rate is calculated on a 5-year period.
WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Other legal information
At Tiimely Home we are not financial advisers and recommend seeking independent financial and legal advice to check how the information we provide aligns with your individual circumstances.