Ideas for borrowing capacity

Discussion in 'Loans & Mortgage Brokers' started by freddy, 27th Feb, 2022.

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  1. freddy

    freddy Well-Known Member

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    17th Mar, 2017
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    Sydney
    Hi all,

    What are current options to increase borrowing power to $5m. Say a household inc one of $250k gets about $2m borrowing power, what are creative ways to get this to $5M or which lenders don’t have income assessments at all?
     
  2. Tony Xia

    Tony Xia Structured Loan Advisor Business Member

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    Bella Vista
    Different banks has different assessment rates and how existing loans are structured.

    With $5m lending and without any rental income ..youre pretty much asking for DTI of 20.

    You could be creative if you have a business
     
  3. Lindsay_W

    Lindsay_W Well-Known Member

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    None, lending is based on your ability to make repayments on the debt.
    Private funding can help where it's secured only by the asset but much shorter terms and higher rates than traditional funding sources, you still need to repay the debt.
     
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Increase your income to around $800,000 pa
     
    craigc, MondeoMan and Morgs like this.

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