Most borrowers often ask, how much can I borrow? This question can be answered by looking how the Banks calculate your borrowing capacity.
Every bank has their own calculator to work out your borrowing capacity. Having said that, the information that gets entered into the different calculators is largely the same. The video in this article will discuss the criteria the banks use to calculate your borrowing capacity.
The factors involved in calculating your borrowing capacity boil down to your income, your living expenses and your current liabilities.Read More