Borrowing Power Calculator
Investigate your clients’ borrowing power and mortgage potential with Mortgage Street with the assistance of a mortgage borrowing calculator
Get started with the Mortgage Borrowing power calculator
Buying a house can be daunting! With the best home loan rates, Mortgage Street can help you understand your financial situation and what is achievable for you. This makes buying your primary residence, forever home or investment property clearer and easier.
Investigate your borrowing power and mortgage potential with each online Borrowing Power calculator. When you are ready for pre-approval or a new loan, contact your Mortgage Street mortgage broker.
Calculator
Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House’s prevailing credit criteria apply. Please note that your actual fortnightly repayment would be equal to the monthly repayment amount divided by two. Weekly repayments would equal the monthly repayment amount divided by four. If you choose to pay fortnightly or weekly, your actual repayments will be higher than repayments shown on this page. You can reduce the term of your loan if you choose to make repayments fortnightly or weekly. We recommend you seek independent legal and financial advice before proceeding with any loan.
Calculate Loan Repayments
Providing an idea on your home loan, calculator repayments offer home buyers an estimate of their mortgage repayment options.
User Friendly
With easy-to-use toggles, our Mortgage Repayment Calculator is the ideal tool for any home buyer.
Adjust Toggles For Variables
Change the interest rate, loan period, loan amount and loan type to see a multitude of different repayment options.
Get The Ball Rolling
Get excited about buying your home with real numbers on what your repayments will look like and how they will fit into your budget.
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Closing unnecessary and unused credit cards is a great way for your clients to begin improving their borrowing capacity. Mortgage Street will consider active credit cards to be drawn to their limits and factor in the monthly repayments, reducing your client’s borrowing capacity.
Saving for a bigger deposit will allow your clients to pay less in interest and monthly repayments while also increasing their borrowing power through securing a consistent saving record.
A client’s income, living expenses, and debts impact borrowing capacity because brokers will account for how much an individual makes, how much they have to spend monthly on living expenses and calculate debt repayments into their borrowing power determination.
A client’s credit card limit can significantly affect their borrowing capacity even if they do not use it because brokers and lenders will take the credit limits into account as debts when calculating an individual’s borrowing capacity
Yes, Mortgage Street will recognise if your clients clear their credit card balances in full every month and increase their borrowing capacity