Know this number

Knowing this number can make a big difference in your purchasing power.

When assessing your ability to afford your home loan repayments or “serviceability”, most lenders will also add an extra buffer known as the assessment rate. For most lenders this is 3%. So if your actual rate is 6% you will be assessed at 9%. Which can make a big dent in your borrowing capacity.

But not all lenders apply the same margin. There are a number who will use an assessment rate of 2% and in some cases this can even be reduced to 1%.

Having access to a lower assessment rate can add $50,000 to $100,000 to your purchasing power and if combined with some other strategies can stretch this even further.

If you are looking for ways to improve your purchasing power there's a number of ways I can help.   

1) Get started Now with a Free Online Review  Click here to get started

or 2) Book a call with me for a Free Maximiser session  Click here to go straight to my calendar to make a time.