Welcome back to another episode of the First Home Buyers Academy Australia and learn how the income is calculated.
In today’s episode, we will be taking a look at an example case study of John & Jane, a couple that we recently help to purchase their first home though having low to medium income which greatly affects their borrowing capacity.
We will also have an idea of how the income is calculated. We will learn how different factors contribute to the lender’s assessment of their borrowing capacity and how it changes due to their living expenses. Miguel will also discuss the reasons why borrowing capacity is different among different banks. And lastly, how John & Jane managed to secure their first property whilst being in a low/medium income bracket.
Watch the video here: https://youtu.be/ilc2TE4I-XY
For more information, please contact me via 0430 020 620 or send me an email.
Kind Regards,
Miguel Gonzalez
Mortgage Broker
My Loan Choices
m. 0430 020 620
e. miguel@myloanchoices.com.au
DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
Next Episode → 6. How your savings can get you to your First Home?
