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.
Legal information about our rates
Our home loans are subject to credit criteria and eligibility requirements. Home loan interest rates are for new customers only and can change. Our comparison rates are based on a $150,000 loan amount 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 fixed term. If the interest only period is not specified, the comparison rate is calculated on a one 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.
Tiimely Turnaround™
^We’re known for fast approvals and responsive service, powered by tech and supported by our team of experts. Customer turnaround times are dependent on individual circumstances and may require an assessor to obtain more information.
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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.