How long is a piece of string? Essentially your borrowing power will be determined by your income, liabilities and living expenses. It was also be dependent on which lender is looking at your situation, some will be happy to lend more than others.

HELP debt will reduce the total amount you can borrow depending on your income, as HELP is calculated by how much you earn not what your balance is. Unless you are going to pay off your the debt in the current financial year then there will be no impact depending on the lender.

The FHGS is a scheme Housing Australia has put in place to help first home buyers secure their first home. There is a whole lot of Eligibility Criteria so it's important we have a chat if you're not sure about being eligible.

If you are looking to buy a property, YES. OVERWHELMINGLY YES. We will secure you a pre-approval please do NOT go to auction or put any offers in without one in place. If you are unable to meet settlement you have the chance of losing your deposit on top of legal penalties. It's just not worth it.

It's case by case but for PAYG(You are employed) its: ID, Payslips & Bank Statements. If you are SE (Self-Employed) its: ID, Tax Returns, Financial Statements & Bank Statements.

LMI is the insurance policy a bank takes out on your loan in the case you are unable to repay the loan. They will only use this policy if you do not have 20% deposit or you are not eligible for a scheme or a waiver. It can be a fantastic tool if you would like to keep more money in your pocket, but remember, you pay the premium for the loan but do not receive any benefit (except using a smaller deposit to purchase your property) for the policy.